Royal Bank of Scotland Group PLC (RBS.L)
23 Feb 2017
LONDON Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue.
* Says 2017 will probably be last year of losses (Adds shares, CEO quote)
MILAN, Feb 24 Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets
* Rbs CEO says there will be further job losses as bank targets 2 billion stg cost cuts over next 4 years
* Mark Seligman has been appointed as a non-executive director of rbs with effect from April 1, 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)
* The group bonus pool has fallen from 373 million stg in 2015 to 343 million stg in 2016, a reduction of 8 percent
LONDON, Feb 24 Royal Bank of Scotland reported on Friday a sharp rise in losses as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it required the world's biggest bank bailout.
* Royal bank of scotland group 2016 conduct and litigation charges 5.9 billion stg
(The following statement was released by the rating agency) LONDON, February 22 (Fitch) A revised plan for Royal Bank of Scotland Group (RBSG) to meet its remaining state aid obligations would remove one of the key cost challenges it faces in its restructuring strategy, Fitch Ratings says. We believe the plan, if agreed, would bring a faster and more certain conclusion to its state aid obligations than the existing requirement to sell all RBS branches in England and Wales and all NatWest br
LONDON/BRUSSELS Britain's plan to free Royal Bank of Scotland from an obligation to sell more than 300 branches risks a clash with the European Commission weeks before the government is due to start formal talks to leave the trading bloc.
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