Royal Bank of Scotland has confirmed that it is to repay the last of the £163bn in emergency loans it received from the US and UK governments.
The announcement came with its first quarter results. It reported a pre-tax loss of £1.4bn, compared with a loss of £116m in the same period last year.
Much of the loss came from changes in the valuation of RBS's debt. It made an operating profit of £1.2bn.
RBS has also set aside an extra £125m to cover claims for PPI mis-selling.
Source & Image : BBC
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