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RBS results 'a sea of red ink', says BGC Partners' Mike Ingram

Mike Ingram, market analyst at BGC Partners talks to Proactive about Royal Bank of Scotland Group plc's (LON:RBS) latest results.

The Scottish lender posted an attributed loss of £6.95bn for the year to 31 December 2016, compared to a loss of £1.97bn in the year-ago period, marking its ninth consecutive loss. Analysts had been expecting a £6.1bn loss.

Quick facts: Royal Bank of Scotland

Price: 220.8 GBX

LSE:RBS
Market: LSE
Market Cap: £26.7 billion
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