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Britain’s second-largest bank, the Royal Bank of Scotland, which owns NatWest and has recently bought Holland’s largest bank ABN-Amro, has announced that it lost £4bn in the last three months as a result of the world’s great credit crunch. RBS says that it must write off £5bn in loans and debt securities that it had on its books as worthless. And it now must ask existing shareholders to stump up more money – as much as £10bn – to buy new shares in the bank so it does not go bust.