{"id":9880,"date":"2019-10-24T11:52:37","date_gmt":"2019-10-24T06:52:37","guid":{"rendered":"http:\/\/umang.pk\/2019\/10\/rbs-slumps-to-loss-after-900m-hit-from-ppi\/"},"modified":"2019-10-24T11:52:37","modified_gmt":"2019-10-24T06:52:37","slug":"rbs-slumps-to-loss-after-900m-hit-from-ppi","status":"publish","type":"post","link":"https:\/\/umang.pk\/en_us\/2019\/10\/24\/rbs-slumps-to-loss-after-900m-hit-from-ppi\/","title":{"rendered":"RBS slumps to loss after \u00a3900m hit from PPI"},"content":{"rendered":"<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\">\n            <span class=\"image-and-copyright-container\"><\/p>\n<p>                <\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">AFP<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">The Royal Bank of Scotland recorded losses in the third quarter after being hit by payment protection insurance costs.<\/p>\n<p>The Edinburgh-based bank, where the government owns a 62{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} stake, added that the investment bank has a &quot;particularly challenging&quot; three-month period.<\/p>\n<p>After charging 900 million pounds for PPI, it reported a pre-tax loss of 8 million pounds in the July-September period.<\/p>\n<p>This is the final result before the departure of Ross McEwan CEO.<\/p>\n<p>New Zealanders will be replaced by Alison Rose next month. She became the first woman to lead one of the UK&#39;s four largest banks. She joined the bank 27 years ago as a graduate trainee.<\/p>\n<p>The bank reported a profit of 955 million pounds in the same month a year ago.<\/p>\n<p>But the financial director Katie Murray said the results &quot;show solid base performance in harsh operating environments.&quot;<\/p>\n<p>&quot;Core retail and commercial banks continue to perform well and we are making good progress toward this year&#39;s goals,&quot; she said.<\/p>\n<p>However, the investment banking sector, known as NatWest Markets, reported losses of \u00a3 1.93 million over the quarter, feeling the impact of &quot;deteriorating economic sentiment on the world economy and falling bond yields.&quot;<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>","protected":false},"excerpt":{"rendered":"<p>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 &quot;particularly challenging&quot; three-month period. After charging 900 million pounds for PPI, it reported a pre-tax loss [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/9880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/comments?post=9880"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/9880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/media?parent=9880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/categories?post=9880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/tags?post=9880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}