PPI scandal costs RBS £1.7bn
Royal Bank of Scotland today revealed an additional £400 million charge to cover the cost of mis-sold payment protection insurance (PPI) claims, bringing the total bill to £1.7 billion.
RBS unveils pre-tax loss of £1.26 billion
The Royal Bank of Scotland (RBS) unveiled a pre-tax loss of £1.26 billion in the third quarter, compared to a £2 billion profit during the same period last year.
RBS said it also had a third quarter net loss of £1.38 billion.
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