The Royal Bank of Scotland has set aside £3bn towards compensation and litigation costs, as part of an expected £7-8bn pre-tax loss for 2013...
January 28, 2014 at 11:40 AM
1 minute read
The original version of this story was published on Legalweek
The Royal Bank of Scotland (RBS) has set aside £3bn for compensation and litigation costs, as part of an expected £7-8bn pre-tax loss for 2013.
In a statement released on Monday (27 January), the lender said full-year financial results – due to be published on 27 February 2013 – will contain a series of extra provisions for mis-sold products, litigation and conduct claims.
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