RBS posts loss and increases PPI provision

Published on

By Kevin Rose
The Royal Bank of Scotland

The Royal Bank of Scotland

Royal Bank of Scotland (RBS) has posted a pre-tax loss of £1.26 billion for the three months to 30 September.

This compares to a £2 billion profit 12 months ago.

RBS has also become the latest bank to side aside more money against PPI claims.

It has set aside a further £400 million, taking its total charges for PPI mis-selling to £1.7 billion.

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