RBS chief exec: 'There will be job losses'
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RBS chief exec says he won't be stepping down

Royal Bank of Scotland has reported a loss of seven billion pounds for 2016, far worse than the figure for the previous year.

It's the ninth year in a row that RBS, which is largely owned by the taxpayer, has lost money.

Ross McEwan, the bank's chief executive, tells Radio 4's Today he will stay on and see through their strategy for change.