RBS poised for biggest loss since crisis on mortgage provision
Royal Bank of Scotland Group, Britain’s biggest government-owned lender, is on track for its largest pretax loss since 2008 after setting aside £3.1 billion more for legal and compensation claims.
Royal Bank of Scotland Group, Britain’s biggest government-owned lender and the parent company of Irish lender Ulster Bank, is on track for its largest pretax loss since 2008 after setting aside £3.1 billion more for legal and compensation claims.
The provision includes £1.9 billion pounds for lawsuits and fines tied mostly to the sale of $91 billion of mortgage-backed securities from 2005 to 2007, the lender said yesterday. It follows agreements Deutsche Bank AG,...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
