Comment on Nationalized Royal Bank of Scotland sees loss widen

Nationalized Royal Bank of Scotland sees loss widen

LONDON (AP) — Royal Bank of Scotland says its net loss widened in the first quarter as the taxpayer-owned bank made its final 1.2 billion-pound ($1.7 billion) payment to the U.K. Treasury as part of a deal to give the government first crack at any profits. Operating profit increased more than 10-fold to 421 million pounds as the bank cut operating expenses and reduced restructuring costs.

 

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