Arab Today, arab today royal bank of scotland posts 2013 net loss of £8995bn
Last Updated : GMT 21:32:48
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Royal Bank of Scotland posts 2013 net loss of £8.995bn

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Arab Today, arab today Royal Bank of Scotland posts 2013 net loss of £8.995bn

London - AFP

Britain's state-rescued Royal Bank of Scotland plunged deeper into a net loss of almost £9.0 billion last year on the back of vast accounting charges, it said on Thursday. Losses after taxation grew to £8.995 billion ($15.0 billion, 10.9 billion euros) in 2013, compared with a shortfall of £6.055 billion in 2012, RBS said in a results statement, adding it expected further inevitable job cuts to arise from ongoing restructuring.

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