RBS warns of rise in misconduct costs in 2015
The bank warns that litigation and conduct costs could jump this year and expects the biggest hit from RMBS-related investigations in the US
Royal Bank of Scotland has flagged a possible rise in litigation costs, although it expects to settle the bulk of them this year, enabling the bank to return excess capital to shareholders and the government to start selling its majority stake.
RBS said on February 26 that litigation and conduct costs, including provisions, fell to £2.2 billion ($3.4 billion) last year but warned that the charges
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