Royal Bank of Scotland Posts Q1 Loss

Royal Bank of Scotland Group plc RBS released its results for the first quarter on Friday. The company reported its quarterly net loss at 528 million pounds ($865 million), versus a loss of 248 million pounds, in the year-earlier period. The company's operating profit increased 19% to 1.05 billion pounds as total impairments on bad loans fell 27% y/y to 1.95 billion pounds. RBS shares fell 0.12% to $13.27 in after-hours trading. Read more from Benzinga's Company news.