The Royal Bank of Scotland (RBS) has set aside £2bn to cover charges of past misconduct including the PPI mis-selling scandal.

The biggest state-backed bank in the UK has reserved £1.5bn to pay for litigation claims in the US in connection to residential mortgage-backed securities. This means RBS is still dealing with ‘bad debts’ costs over the sub-prime mortgage crisis between 2007 and 2009.

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