RBS 1Q Net Loss Doubles
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a deeper loss in the first quarter as it paid for some of the government support it received during the financial crisis. The net loss widened to 968 million pounds ($1.4 billion) from 459 million pounds a year ago, the Edinburgh-based lender said in a statement on Friday. That’s bigger than the 957 million-pound loss average estimate of 10 analysts in a company compiled survey. Bloomberg's Stephen Morris reports on "Countdown" with Anna Edwards.
Most Recent Videos
Alibaba Tops 1Q Revenue, Earnings Expectations
54:40 - Rob Sanderson, managing director at MKM Partners, examines first-quarter results from Alibaba Group Holding Ltd. as revenue beat estimates and sales rose 56 percent. He speaks on "Bloomberg Markets: European Close." (Source: Bloomberg)