RBS Pitched Into Deep 2016 Loss By £5.9B Legal Bill

Law360, London (February 24, 2017, 12:35 PM GMT) -- Royal Bank of Scotland PLC said Friday that legal costs and regulatory fines soared to £5.9 billion ($7.4 billion) in 2016 from £3.6 billion a year earlier, pushing the British lender into a deeper loss for the year as it continued to struggle with the price of past misconduct.

Legal costs and regulatory fines soared to £5.9 billion ($7.4 billion) in 2016, the Royal Bank of Scotland has said, as the bills have pushed the British lender into a deeper loss for the year. (AP) The...
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