Daily News: May 1, 2015

RBS Posts Q1/15 Loss on Restructuring, Litigation Costs

The New York Times reported the Royal Bank of Scotland said it fell to a loss in Q1/15 as the British bank was again weighed down by restructuring and litigation costs.

According to the Times , RBS said in a press release it booked 1.3 billion pounds, or about $2 billion, in charges for its efforts to radically reshape the lender and for potential fines and settlements related to continuing inquiries into potential misconduct by its employees.

To read the entire Times article, click here.