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Royal Bank of Scotland posts £8.2bn loss
Royal Bank of Scotland (RBS) has reported its sixth annual loss since it was rescued by the UK government in 2008. The bank's pre-tax loss for 2013 was £8.2bn. However, excluding bad bank and legacy costs, RBS made an operating profit of £2.5bn. RBS' bonus pool is down to £576m, a drop of 15% on last year, when £679m was paid out. Of that sum, £237m will be paid to investment bankers. The bank, which is 81% owned by the UK taxpayer, also set aside regulatory and redress provisions of £3.8m.......Read more hereYou must be logged in to post a comment.
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