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RBS Setting Aside Millions to Deal With Economic Outlook

Royal Bank of Scotland has confirmed that it is setting aside £100 million which will be used to help it deal with the more uncertain economic outlook. RBS is among the first of the big banks to be taking such precautions as the Brexit deadline approaches.

Ross McEwan, RBS chief executive, told journalists that they have to be prepared for their customers, regardless of how Brexit plays out. The bank has allocated £200 million for the July-to-September period which will cover the costs of the mis-selling of payment protection insurance.

The announcement came as the bank said that it had... Read More

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