Accounts show bank cut overall litigation and conduct payments in 2014, but warn of potential losses still to come
February 26, 2015 at 06:56 AM
1 minute read
The original version of this story was published on Legalweek
Royal Bank of Scotland (RBS) saw litigation and conduct costs fall by 43% in 2014 to £2.2bn, down from £3.8bn in 2013.
The costs, which include charges associated with the foreign exchange rate, PPI and interest rate scandals, are included in the bank’s annual results for 2014, with RBS reporting an attributable loss of £3.5bn for the year.
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