RBS warns of rise in misconduct costs in 2015

Bank expects biggest hit from RMBS investigations

rbs3

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 could be "materially higher" in 2015. The biggest hit is likely to come from any settlements over

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: