Bailed-out bank posts fall in nine-month profits and says ‘timing and quantum of any future costs remain uncertain’Royal Bank of Scotland faces a a mounting bill for mis-selling and other conduct issues ,its recent chairman has warned just days before the government gets a fresh opportunity to resume selling its stake in the bank.
Sir Howard Davies, who became chairman of the 73% taxpayer-owned RBS in September, or said several obstacles remained before the bank fully recovered from its £45bn bailout by taxpayers in 2008. Continue reading...
Source: theguardian.com