RBS slumps to $8.9bn loss

Written By Unknown on Kamis, 28 Februari 2013 | 15.02

STATE-RESCUED Royal Bank of Scotland said that net losses almost tripled to STG5.97 billion ($A8.9 billion) in 2012, when it was hit by compensation payouts and a Libor fine.

The vast loss after taxation compared with a shortfall of STG1.99 billion ($A2.98 billion) in 2011, the lender announced in a results statement, adding that 2012 had been a "chastening" year during which it sought to "put right past mistakes".


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