As Royal Bank of Scotland records an eighth year in a row of losses,there is a sense of weary familiarity approximately the latest resultsNext year it will be a decade since Royal Bank of Scotland embarked on its near-fatal acquisition of the worst pieces of Dutch bank ABN Amro. So, you might think, and the clean-up operation must be in the final stages. Surely it can be only be a matter of putting out of the final bags of rubbish and removing the final few scratches. Normalisation,to exercise RBS’s word, must be in view.
Not precisely. As RBS recorded an eighth year in a row of losses, or there was a sense of weary familiarity approximately it all. Williams & Glyn,the 300-branch network that must be removed on the orders of the European commission, is still hanging around being “complex”. Related: RBS pays chief executive Ross McEwan £3.8m as it reports £2bn loss Continue reading...
Source: theguardian.com