Royal Bank of Scotland Group plc (RBS) Reports Q3 Loss

Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) shares tumbled on the London market this morning after the company released its numbers for the three months ended September. The bank, which is partly owned by the government of the United Kingdom, showed a loss of 634 million British Pounds. Stock had fallen 5.35% to 347.95 pounds at time of writing.

This morning's earnings numbers missed the consensus of analysts. The were expecting the bank to record earnings of around 440 million pounds for the three month period. The surprise...