RBS losses "A tale of horror" says financial analyst
Ahead of the RBS results, financial analyst Louise Cooper told 91热爆 5 live Breakfast the figures will tell a story of "horror, past greed, incompetence and corruption under Sir Fred Goodwin."
In this 90-second summary, the Royal Bank of Scotland has reported its sixth annual loss since it was rescued by the UK government in 2008, with a pre-tax loss of 拢8.2bn in 2013.
Excluding bad bank and legacy costs, RBS made an operating profit of 拢2.5bn. RBS' bonus pool is down to 拢576m, a drop of 15% on last year, when 拢679m was paid out. Of that sum, 拢237m will be paid to investment bankers.
Duration:
This clip is from
Featured in...
In 90 seconds...
Bring yourself up to speed with 90 second summaries of the stories you need to know about
More clips from 27/02/2014
-
"If you tackle him again, I'll take you off"
Duration: 02:46
-
Memories of Sir Tom Finney
Duration: 01:39
-
1D's Louis' footballing debut in Doncaster
Duration: 01:31
More clips from 5 Live Breakfast
-
KSI and Logan Paul play guess who?
Duration: 01:21
-
'The last person I blocked? Probably my Dad!'
Duration: 00:52
-
Tommy Fury guesses - Ali or KSI?
Duration: 00:58
-
Nurses strike: 'The situation is untenable'
Duration: 04:34