RBS seen facing losses in 2016, casting dividend in doubt

FOR THE NINTH CONSECUTIVE YEAR, Royal Bank of Scotland is looking at a full-year loss, undermining hopes that the bank might pay a dividend to shareholders. / BLOOMBERG NEWS FILE PHOTO/MATTHEW LLOYD
FOR THE NINTH CONSECUTIVE YEAR, Royal Bank of Scotland is looking at a full-year loss, undermining hopes that the bank might pay a dividend to shareholders. / BLOOMBERG NEWS FILE PHOTO/MATTHEW LLOYD
LONDON - For investors in Royal Bank of Scotland Group PLC, hopes for a dividend are fading. An expected ninth consecutive full-year loss in 2016 could undermine CEO Ross McEwan’s efforts to reinstate dividend payments next year for the first time since the bank’s 45.5 billion pound ($65 billion) bailout during the financial crisis. In…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display