The mis-selling of complex products to small businesses could cost the Royal Bank of Scotland as much as £850 million in compensation, 17 times the bank's current provision in its accounts.
RBS has so far estimated that it will have to pay out only £50m. But analysts at investment bank Nomura say their £850m estimate is based on RBS's small business exposure and the calculations of rival Barclays, which has a similar customer base and has already made a provision of £850m.
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