RBS Seen Facing Losses in 2016, Casting Dividend in Doubt
- Chairman says bank can't yet `be firm' on capital return plan
- Full-year loss would undermine CEO plans to reinstate dividend
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For investors in Royal Bank of Scotland Group Plc, hopes for a dividend are fading.
An expected ninth consecutive full-year loss in 2016 could undermine Chief Executive Officer Ross McEwan’s efforts to reinstate dividend payments next year for the first time since the bank’s 45.5 billion-pound ($65 billion) bailout during the financial crisis.