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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.


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...