Royal Bank of Scotland Group (RBS): Q2 net loss £466M vs. £897M a year earlier. Operating profit...

|About: The Royal Bank of Scotlan... (RBS)|By:, SA News Editor
Royal Bank of Scotland Group (RBS): Q2 net loss £466M vs. £897M a year earlier. Operating profit -22% to £650M, in line. Sets aside £310M to settle claims over mis-selling of payment protection insurance, for costs from its IT systems failure in June, and for mis-selling of interest rate swaps. Can't yet say how much it might have to pay over the Libor scandal. Shares +4.2% in London. (PR)

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