Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

RBS still keeps making massive losses

Lianna BrindedApr 30, 2015, 11:48 IST

The Royal Bank of Scotland just revealed that it made a £446 million ($687 million) loss in the first quarter this year. This is on top of the £3.5 billion ($5.4 billion) it lost in 2014.

It just can't stop hemorrhaging money.

It can largely blame its loss on spending £856 million ($1.31 billion) on litigation costs.

Other highlights from the report include:

Total income up 12% from Q4 2014: £4.331 billion.
Operating expenses down 11% compared with Q4 2014: £4.097 billion.
Operating profit was £325 million compared with a loss of £375 million in Q4 2014.

NOW WATCH: We got our hands on 'Kinder Surprise Eggs' - the global candy favorite that's still illegal in the US

Please enable Javascript to watch this video