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RBS posts ninth straight annual loss on ''sins of the past''

RBS posts ninth straight annual loss on ''sins of the past''

Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world`s biggest bank rescue.

RBS to cut 1,400 jobs over next two years

The Royal Bank of Scotland (RBS) has that it will cut 1,400 jobs over the next two years as part of plans to restructure its retail head office operations in Britain, a media report said.