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RBS post big losses for eighth consecutive year

Royal Bank of Scotland has posted big losses for the eighth year in a row.

The bank lost £1.98bn in 2015 - down from £3.5bn in 2014.

Shares fell to a three-year low on the news, and remain well below the price the government paid for an 84% stake to save the bank in 2008.

Nearly three quarters of the RBS is still owned by the taxpayer.

Andy Verity reports.

  • 26 Feb 2016
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