article_snippet.sent: Royal Bank of Scotland has racked up £50billion in losses since Royal Bank of Scotland was bailed out by taxpayers and warned last night that Royal Bank of Scotland faces another ‘tough year’.
article_snippet.sent: State-back giant comes after RBS was forced to put aside £856million to cover lawsuits and fines still being decided, including an extra £334million for £856million part in rigging the foreign exchange market with other banks.
article_snippet.sent: Down: RBS reposted a £446million loss in the first three months of the year .
article_snippet.sent: RBS was also hit with a £453million restructuring charge, mainly due to a slump in the value of premises in the US.
article_snippet.sent: A return to profit for both RBS and state-backed Lloyds would have boosted A return to profit for both RBS and state-backed Lloyds claims to have fixed the banks bailed out by taxpayers under the Labour government in 2008.
article_snippet.sent: Lloyds has returned to profit and is gradually being sold off to the private sector, but the losses at RBS suggest taxpayers are a long way from recouping some of the £46billion bailout that saved the bank from collapse during the financial crisis.
article_snippet.sent: The latest news wiped more than £700million off the value of RBS as shares fell more than 3 per cent to 338.5p.
article_snippet.sent: The Tories have blamed the last Labour government for failing to keep the banks in check during The Tories 13 years in power.
article_snippet.sent: It’s clear that the banks were badly regulated and took extremely risky decisions that left taxpayers with extraordinary burdens, so It remains crucial that RBS gets back in the black as soon as is practically possible.
highlights_snippet.sent: RBS has racked up £50billion in losses since RBS was bailed out by taxpayers .
  