RBS posts £2bn half-year loss and drops Williams & Glyn flotation

Bailed-out bank takes fresh hit for legal disputes and says more cost cuts needed to counter economic impact of Brexit voteRoyal Bank of Scotland has slumped to a £2bn half-year loss after taking a fresh hit for legal disputes, as it admitted costs will have to be cut to tackle the economic impact of the Brexit vote and the dwindling popularity of high street branches.The bank, which is 73% owned by the taxpayer and is on track for its ninth consecutive year of losses, is also abandoning i