RBS to reveal damage from a succession of scandals

RBS is to released its full year financial results today. The state-backed bank has been rocked by its fair share of scandals in the past year. Here is a brief reminder:

  • Fined £390 million for its part in the Libor rate-fixing scandal
  • Had to put aside millions to compensate small business customers for the mis-selling of interest rate swaps
  • Put aside an additional £400 million to pay for the mis-selling of PPI, bringing the total costs involved to £1.7 billion