Royal Bank of Scotland chief executive Stephen Hester has said 2012 was a "chastening" year for the part-nationalised lender.
RBS recorded pre-tax losses of £5.2 billion last year, a steep rise from £1.2 billion in 2011.
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Labour is facing a disastrous election night in Scotland, with the party in danger of finishing third behind the SNP and the Conservatives.
A Labour councillor who thought he had lost his seat was re-elected after a bundle of votes was found "under a Tory pile".
A sailor has been rescued after two months lost at sea, during which he was forced to eat seagulls for survival.