Loss pinned largely on PPI mis-selling compensation as Bank warns Brexit uncertainty could further knock its business
Royal Bank of Scotland has slumped to a £2bn loss in the first half of 2016 after taking a hit over a string of legal issues, including payment protection insurance mis-selling.
The bank, 73% owned by taxpayers, also warned the EU referendum result could knock its business, which is being refocused on the UK and Ireland and scaled back from the 50 or so countries where it had operations at the time of its rescue.
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