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Video: Latest RBS Hit May Speed Up Sale Of U.S. Arm Citizens

By Clip Syndicate
Royal Bank of Scotland's latest 3 billion pound hit for past misdeeds will leave the state-backed bank low on capital, potentially pushing new boss Ross McEwan to speed up a sale of its Citizens banking business in the United States. RBS, 82 percent owned by the UK government, revealed the new provisions in a profit warning rushed out on Monday, which is likely to leave the bank with a 7- 8 billion pound loss for 2013.

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