RBS warns future misconduct charges may be higher than expected

October 30, 2015 7:12 AM

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LONDON Oct 30 Royal Bank of Scotland warned future costs relating to past misconduct could be substantially higher than expected after reporting a third-quarter loss due to restructuring and litigation charges.

RBS, 73 percent owned by the British government, reported a third quarter operating loss of 134 million pounds ($206 million), down from a profit of 1.1 billion the year before, hit by restructuring and misconduct costs.

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