2 of 20
Royal Bank of Scotland
Global 500 rank: 38
2008 loss ($ millions): $43,166.9

When CEO Stephen Hester described the bank's overall results as "bad" in the company's annual report, the newly anointed chief executive wasn't kidding. The almost-300-year-old bank's loss in 2008 was the biggest in British banking history. The government has injected billions into the company, which around the time of yearly results was 70% owned by British taxpayers.

Partly to blame is RBS's doomed takeover of ABN AMRO. The Dutch bank accounted for about half its 2008 losses. Critics have pointed a finger at former CEO Fred Goodwin -- his ouster came in the midst of the bailout -- as being responsible for the bank's overexpansion. Since announcing results, RBS has significantly scaled back its international business, leading to mass layoffs.

NEXT: General Motors
Last updated July 08 2009: 12:11 PM ET
Email | Print | Share  |  RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
See the full list Royal Dutch Shell takes the No. 1 spot. See the rest of the world's largest companies. More
20 money losersBadly timed acquisitions, subprime mortgages, and rising oil prices are to blame. More
Most profitable Oil companies are the biggest money makers on the Global 500. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.