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Coutts renowned as the Queen’s bank, has ended a challenging year confirming a thumping operating loss of £470 million for calendar 2015.

The loss for Coutts and its private banking affiliate, Adam & Company, is disclosed in results from Royal Bank of Scotland, its parent, released on February 26. It suggests a big set back compared to operating profits of £99 million in 2014.

Write-off and restructuring charges hit operating profit at 'Queen's bank'

Mike Foster

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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A challenging year for Coutts

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