Burden of compensation and fines will delay resumption of dividend payments, chairman Sir Philip Hampton says

Royal Bank of Scotland warned of a “noisy” 2015 as the bailed-out bank was hit by £1.3bn of charges for fines and compensation payouts to customers in the first half of the year.

Sir Philip Hampton, presiding over his last set of results after being chairman since the 2008 bailout, said the bank faced more hurdles because of the higher than expected fines imposed by regulators around the world.

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Source: The Guardian Circular Economy RSS