RBS private banking unit in interim red on litigation costs and lower income

31 July 2015 | 2 minutes read

Royal Bank of Scotland’s interim results showed its private banking arm moving into loss-making territory as litigation costs, falling commissions and interest income take their toll. The private banking arm made a £50 million (US$77.8 million) loss in the first half this year, down from a £145 million profit in H1 2014. A 26% drop in net interest income and…

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