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RBS losses more than double last year's figure

Credit: Yui Mok / PA

The Royal Bank of Scotland has reported a first quarter pre-tax loss of £968 million - more than double last year's of £446 million.

The loss reflects the impact of its £1.2 billion payment last month to the Treasury to buy out a crucial part of its £45 billion bailout.

The payment ended a dividend access share (DAS) agreement with the Government which was put in place in 2009 and prevented it paying dividends to any shareholders before the Treasury.

The bank said: "RBS remains on track with its plan to build a strong, simple, fair bank for customers and shareholders."

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RBS blame 'cyber attack' for banking glitch

A fault which left RBS and NatWest customers unable to login to their online banking yesterday has been blamed on a 'cyber attack'.

The banking glitch meant customers could not access their online accounts for 50 minutes Credit: Yui Mok/PA

A spokesman for the bank said: "The issues that some customers experienced accessing online banking on Friday was due to a surge in internet traffic deliberately directed at the website.

"This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. At no time was there any risk to customers."

RBS online banking glitch fixed after disruption

RBS said it was still investigating the cause of the problem. Credit: PA

A fault which left RBS, NatWest and Ulster Bank customers unable to login to their online banking this morning has been fixed, RBS has said.

The cause of the problem, which lasted around 50 minutes, was still being investigated.

We are aware that some customers experienced issues with online banking this morning.

This has now been resolved and our service is operating as normal. We apologise to those customers who experienced difficulties."

– RBS spokesperson
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