Page last updated at 15:30 GMT, Thursday, 25 February 2010

Hester: Problems with RBS will take 5 years to fix

Advertisement

Royal Bank of Scotland (RBS) has announced losses for 2009 of £3.6bn ($5.5bn), after struggling with billions of pounds of bad loans.

Despite the losses, the bank is set to announce it will pay bonuses totalling £1.3bn to its staff.

The BBC's Hugh Pym asked RBS's CEO Stephen Hester, why were there still such big losses for RBS?

SEE ALSO

Story Tools

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific