How did 'profitable' RBS lose £5.2bn?


Despite reporting an operating profit of £3.5bn Royal Bank of Scotland (RBS) made pre-tax losses of £5.17bn.

Much of the pre-tax loss came from a £4.6bn accounting charge for changes in the value of its own credit, and from setting aside money to cover PPI mis-selling, the mis-selling of interest rate swaps and its fine for attempting to fix Libor.

Analyst Louise Cooper told the BBC's Steph McGovern what the figures mean.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.