RBS posts $8.7 bn loss in 9th straight year without a profit
Royal Bank of Scotland has reported a loss of $8.74 billion (₹58,200 crore), marking its ninth year of not making an annual profit. This has taken RBS' total loss to $72.2 billion over nine years since 2008 financial crisis. "This is a bank that has been on a remarkable journey. We still have further to go," CEO Ross McEwan said.