<p><font size="5"> RBS loses £28billion in a YEAR as Darling warns British economy will collapse if second bank bailout fails</font>
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<p>Alistair Darling today warned the<b> whole economy will collapse</b> if his bailout of the banking system fails.
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<p>His admission came as Royal Bank of Scotland revealed it is facing losses of up to £28billion for last year, the biggest in UK corporate history.
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<p>RBS said it had lost £7 to £8billion in lending and £15 to £20billion on its stake in Dutch bank ABN Amro.
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<p>Alistair Darling today warned the<b> whole economy will collapse</b> if his bailout of the banking system fails.
</p>
<p>His admission came as Royal Bank of Scotland revealed it is facing losses of up to £28billion for last year, the biggest in UK corporate history.
</p>
<p>RBS said it had lost £7 to £8billion in lending and £15 to £20billion on its stake in Dutch bank ABN Amro.
</p>