RBS Headquarters in London
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RBS has seventh year of successive losses

UK state-owned bank RBS has reported a loss of £3.5bn for 2014, down from a £9bn loss the previous year.

The results were hit by a £4bn writedown on the sale of its US business, Citizens.

The bank's chief executive Ross McEwan confirmed he would not receive a bonus this year.

Kamal Ahmed reports.

  • 26 Feb 2015
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