Hester: RBS results signal 'step change'
Royal Bank of Scotland has reported a loss of £1.13bn for 2010, due in part to a £1.1bn tax charge.
It is a bigger loss than analysts had been expecting but an improvement on the £3.6bn loss the bank made in 2009.
The government still owns an 84% stake in RBS after bailing the bank out during the financial crisis of 2008.
The bank's Chief Executive, Stephen Hester told the BBC the results show a 'step change'.