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RBS announces £5bn losses

The Royal Bank of Scotland has announced losses of £5.16billion - a fifth consecutive annual loss. Chief Executive Stephen Hester described 2012 as a "chastening" year. It was also revealed the bank paid £607m in bonuses in 2012.

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RBS 'could announce job cuts' with annual figures

Speaking to Daybreak, financial analyst Louise Cooper said she is expecting the RBS bonus payment to be down, as the bank releases its annual results today.

She said the money to pay for the Libor fine will be taken from the company's bonus payments.

It is thought there could also be announcements of company redundancies today.

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