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Royal Bank of Scotland (RBS) has posted a £1.4 billion pre-tax loss for the first quarter of 2012, compared with a loss of £116 million a year earlier and a pre-tax loss of £1.97 billion in the final quarter of 2011.
Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday. A weaker than expected employment report helped underlying rates markets start the day off in good territory, but further progress was elusive.
After the global financial crisis, banks may not be viewed as the most trustworthy organizations, but generally they are considered a safer place to keep money than stowing it under a mattress.
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