Lloyds and RBS set for further losses

Royal Bank of Scotland and Lloyds Banking Group will reveal the impact of another year of scandal when they report further big losses.

Left reeling from Libor rigging revelations and an ever increasing bill for mis- selling claims, results from RBS and Lloyds are likely to confirm a lengthy road to recovery ahead.

Barclays has already set the scene with its results earlier this month detailing another £2.5bn (€2.9bn) to cover the costs of misselling in 2012, which came on top of its £290m settlement for Libor fixing.