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Investment

RBS posts soaring losses, pays $1m bonuses

Royal Bank of Scotland's losses soared to almost STG9 billion ($A16.82 billion) last year, the state-rescued lender has announced, while its decision to pay millions in bonuses has triggered a political backlash.

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Read more: RBS shares,  Ross McEwan,  Thursday,  Britain,  Business Secretary Vince Cable,  Royal Bank,  Scotland,  Investment,  FTSE 100 index,  Liberal Democrat,  Libor interest-rate rigging scandal,  London,  RBS Capital Resolution,  US action