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RBS bank's loss doubles in 2011, fourth since bailout

The Royal Bank of Scotland has reported its fourth year of losses since the bank's bailout in 2008.

The bank posted an attributable loss of £2bn in 2011, almost double a £1.1bn loss in 2010.

In reaction to the annual results, Chancellor George Osborne said RBS is "cleaning up the mess after the biggest bank bailout in history".

Last month chief executive Stephen Hester turned down his bonus of nearly £1m following political pressure.

Andy Moore reports.

  • 23 Feb 2012
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