RBS Shares Drop After Surprise Pension Charge Cuts Capital

  • Bank takes 500 million-pound charge tied to PPI claims
  • RBS still expects capital distribution early 2017, CFO says

RBS Takes 500 Million-Pound Charge Tied to PPI Claims

Royal Bank of Scotland Group Plc dropped after the bank took a surprise 3.6 billion-pound ($5.2 billion) hit to the value of its assets and set aside more money for past misconduct, limiting Chief Executive Officer Ross McEwan’s ability to return capital to shareholders.

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