Foreign news Royal Bank of Scotland reports loss after charges 04 May 2015 3:42PM Banking Day staff Foreign news, The Royal Bank of Scotland said it would dismantle its global investment bank as the company looks to shrink. This was announced as RBS reported its seventh consecutive annual loss. The bank said it would reduce its geographic footprint to about 13 countries from 38, resulting in significant job losses, including in the United States. RBS reported a loss of £3.5 billion for 2014, largely as a result of a £4 billion write-down related to the value of its partly-owned Citizens Financial Group unit in the United States.