RBS reported billion loss – Swedish Dagbladet

Photo: Alastair Grant / AP

the loss will due to provisions for litigation about 1.3 billion pounds.

During the first half of 2016, the Bank has in the last line gone back to 2 billion pounds.

the second-quarter adjusted operating income was +716 million pounds, less than half the 1.54 billion pounds in the second quarter of 2015.

In conjunction with report said the bank’s chief financial officer, Ewen Stevenson, the Bank of England’s interest rate cut will squeeze interest margins and make it tough for large consumer-run banks.

British banks moving toward structurally lower profitability, stressed CFO on Bloomberg TV.

the Royal Bank of Scotland, which is 72 percent owned by the British government, has over the last eight full years reported losses.