Royal Bank of Scotland Group plc (LON:RBS) Q1 Slump

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Royal Bank of Scotland Group plc (LON:RBS) has announced a decline in their first quarter. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full RBS chart at Wikinvest Royal Bank of Scotland Group plc (LON:RBS) Q1 Slump Royal Bank of Scotland Group plc (LON:RBS), 83 per cent owned by taxpayers, has reported a loss of $566 million in their first quarter which is compared to a loss of £248 million in the same quarter last year. Stephen Hester, the Chief Executive Officer of Royal Bank of Scotland Group plc (LON:RBS) said that, “Financial strength and resilience continue to show sharp improvement as core business profitability broadens and noncore risks are reduced. This recovery is also allowing us to absorb higher Irish impairments and substantially increased regulatory demands, and to self-fund other ‘bills from the past’ such as restructuring, disposals and the cost of government insurance on toxic assets." Royal Bank of Scotland Group plc (LON:RBS) stocks stood at 42.84 at the end of the last trading session. Price History Last Price: 42.84 52 Week Range: 36.12- 54.00 Last Vol: 227565472 3 Month Vol: 224856000