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Actionable news in RBS: THE ROYAL BANK OF SCOTLAND GROUP PLC,

RBS Posts Above-Forecast Quarterly Loss on Litigation, Restructuring Charges

Losses at Royal Bank of Scotland (RBS) unexpectedly widened in the second quarter following restructuring costs and hefty provisions for litigation and consumer compensation.

The bank, in which the government holds almost 72% of the voting rights after a credit-crisis bailout, posted a £1.1 billion ($1.4 billion) loss attributable to shareholders. That's up on a loss of £968 million in the first quarter, when Royal Bank of Scotland paid the government £1.2 billion to remove a constraint on its ability to pay dividends to other shareholders in the future.

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