Eighth consecutive year of losses revealed in Royal Bank of Scotland’s full-year results Royal Bank of Scotland has revealed it has paid its chief executive Ross McEwan £3.9m as it reported a loss of £2bn – its eighth consecutive year of losses since its 2008 taxpayer bailout.
The bank’s full-year results for 2015 follow an announcement last month that it would assume a £2.5bn hit to profits for a string of issues, including compensation for payment protection insurance misselling. Continue reading...
Source: theguardian.com