You are here
RBS posts Q3 loss of £469m on restructuring, litigation costs
RBS is the worst-performing large UK bank this year with shares down about 35 per cent in London trading.
PHOTO: AFP
London
ROYAL Bank of Scotland Group Plc, Britain's biggest government-owned lender, swung to a loss in the third quarter as the bank took £894 million (S$1.51 billion) in charges for restructuring and litigation.
The net loss of £469 million compared to a profit of £940 million a
GAIN ACCESS TO ALL BT PREMIUM CONTENT:
Or get a 2-week FREE trial
Need help?
- CALL +65 6388 3838
- EMAIL btocs@sph.com.sg
