RBS makes $ 5.4 b loss

Friday, 27 February 2015 00:17 - - {{hitsCtrl.values.hits}}

LONDON (Reuters): Royal Bank of Scotland reported a 2014 loss of 3.5 billion pounds ($5.4 billion), hit by a writedown on the value of its US business citizens and new charges relating to foreign exchange investigations and mis-selling. The loss compared with an attributable loss of nine billion pounds the previous year. RBS, which is 79% owned by the British taxpayer, also announced the appointment of ex-financial regulator Howard Davies as its new Chairman.

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