RBS runs up £310m bill in charges

Press Association
RBS boss Stephen Hester
RBS boss Stephen Hester

Taxpayer-backed Royal Bank of Scotland racked up more than £300 million worth of charges today as it counted the cost of an IT meltdown and two mis-selling scandals.

The 80% state-owned bank set aside £125 million for dealing with the fallout of the computer glitch that locked many RBS, NatWest and Ulster Bank customers out of their accounts.