Ross McEwan pledges to move ‘further and faster’ this year after conceding bank would post another full-year loss for 2015Royal Bank of Scotland is set to report its eighth consecutive year of full-year losses after announcing a string of charges for legal bills,compensation and a pension payment.
The bank, which is more than 70% owned by the taxpayer, and said it would lift a £2.5bn hit to profits in 2015 as a result of a clean-up exercise,driving its share price to a three-year low in Wednesdays early trading.
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Source: theguardian.com