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RBS takes new 3 bln stg hit for past conduct issues
January 27, 2014 / 4:20 PM / 4 years ago

RBS takes new 3 bln stg hit for past conduct issues

LONDON, Jan 27 (Reuters) - Royal Bank of Scotland said it had set aside over 3 billion pounds ($4.95 billion) more to deal with past conduct issues including 1.9 billion to deal with claims relating to mortgage-backed securities and securities related litigation.

RBS, 82-percent owned by the government, has set aside an additional 465 million to compensate customers mis-sold loan insurance and 500 million to compensate small businesses mis-sold complex interest rate hedging products.

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