RBS Posts $8.7 Billion Full-Year Loss as Litigation, Restructuring Costs Hammer Bottom Line

RBS posted a larger-than-expected full year loss of 6.95 billion after massive litigation and writedown costs hammered the bottom line of the taxpayer owned bank. Royal Bank of Scotland Plc posted a larger-than-expected full year loss of just under A 7 billion, the bank said Friday, after massive litigation and writedown costs hammered the bottom line of the taxpayer owned bank.