RBS and Lloyds face new losses

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Taxpayer-backed lenders Royal Bank of Scotland and Lloyds Banking Group will reveal the impact of another year of scandal when they report further big losses this week.

Left reeling from Libor rigging revelations and an ever-increasing bill for mis-selling claims, results from RBS and Lloyds are likely to confirm they face a lengthy road to recovery.

Barclays has already set the scene with its results earlier this month detailing another £2.5 billion to cover the costs of mis-selling in 2012, which came on top of its £290 million settlement for Libor fixing.

 

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