More losses for RBS

Part-nationalised Royal Bank of Scotland today announced more losses in the first three months of 2009 and warned of a long road back to health for the ailing bank.

More losses for RBS

Part-nationalised Royal Bank of Scotland today announced more losses in the first three months of 2009 and warned of a long road back to health for the ailing bank.

Ulster Bank's parent company, RBS, which is 70.3% owned by the British taxpayer, announced bottom-line losses of £857m (€960m) and bad debt charges of £2.9bn (€3.25bn).

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