RBS chief executive: £8.2bn losses 'very sobering'
27 February 2014 Last updated at 09:07 GMT
Royal Bank of Scotland (RBS) has reported a pre-tax loss for 2013 of £8.2bn.
The bank's chief executive Ross McEwan told the Today programme that the results were "very sobering".
Mr McEwan also outlined plans to begin "simplifying" the bank's operations and "rebuild the trust" of its customers by "refocusing" on the UK.
First broadcast on BBC Radio 4's Today programme on Thursday 27 February.