RBS's investment banking arm suffers again

The UK bank's corporate and institutional banking arm reported a loss of £569 million for the third quarter, as revenues for the unit fell a third from a year earlier

Royal Bank of Scotland's corporate and institutional banking arm reported a loss for the second quarter in a row, with revenues falling a third from a year earlier.

The UK bank Friday reported its third quarter results, with corporate and institutional banking posting revenues of £831 million, down a third from the figure of £1.25 billion a year earlier.

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