RBS slumps to loss after £900m hit from PPI
Image copyright AFP The Royal Bank of Scotland recorded losses in the third quarter after being hit by payment protection insurance costs. The Edinburgh-based bank, where the government owns a 62{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} stake, added that the investment bank has a "particularly challenging" three-month period. After charging 900 million pounds for PPI, it reported a pre-tax loss […]