Ross McEwan, chief executive of Royal Bank of Scotland. Picture: James Galloway.
THE UK's biggest banks will reveal annual figures next week after another eventful year for the sector.
The performance of state-backed Royal Bank of Scotland, which reports on Friday, will hinge on whether the lender is hit by a pending settlement with the US Department of Justice over claims it mis-sold risky mortgage-backed securities in the run-up to the financial crisis.
Further provisions or a final settlement included in the results could push the bank to yet another annual loss, which would mark a full decade in the red.
Consensus figures point to a full year attributable loss of £592 million, with conduct and litigation costs expected to come in at £2.7 billion.
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