Royal Bank of Scotland posts quarterly loss after £900m penalty
The bank’s new CEO Alison Rose faces many challenges after it reported an £8m pre-tax loss in the three months to end-September
24 October 2019 - 17:59
London — Royal Bank of Scotland (RBS) highlighted the challenges facing its new CEO Alison Rose on Thursday as a weak performance at its investment bank and yet another mis-selling charge tipped it into a third-quarter loss.
Shares in RBS were down 2.4% on Thursday after the state-backed bank reported an £8m pre-tax loss in the three months to end-September, compared to a £961m profit for the same period in 2018...
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