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Page last updated at 12:57 GMT, Friday, 6 November 2009

RBS warns of 'difficult' recovery

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Royal Bank of Scotland Group, which is majority-owned by taxpayers, has reported a pre-tax loss of nearly £2.2bn for the July to September period.

RBS Chief Executive Stephen Hester told the BBC that the bank's recovery "would be a marathon not a sprint" and that he expected losses until well into next year.

READ MORE: RBS bank reports losses of £2.2bn

SEE ALSO

Chancellor reacts to RBS losses(00.37)
RBS announces losses(03.25)
Darling's full statement on banks shake-up(12.53)

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