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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/losses-cut-but-rbs-remains-in-red.jpg"><img class="alignnone size-full" title="Royal Bank of Scotland revealed sharply reduced losses of 1.1 billion pounds against 3.6 billion pounds a year earlier" src="http://londonglossy.com/wp-content/uploads/2011/02/min-losses-cut-but-rbs-remains-in-red.jpg" alt="Royal Bank of Scotland revealed sharply reduced losses of 1.1 billion pounds against 3.6 billion pounds a year earlier"/></a></p>
<p>Part-nationalised Royal Bank of Scotland has said it remained in the red last year, but revealed sharply reduced losses of £1.1 billion against £3.6 billion a year earlier.</p>
<p>The group, which is 83% owned by the Government, said it returned to the black in the final three months of the year, with £12 million in profits.</p>
<p>Its improvement came despite a rise in bad debt charges in the fourth quarter as it took a hit in its Ulster Bank subsidiary from the Irish economic woes.</p>
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