Stock markets tumble as companies warn on coronavirus damage – business live | Business

7.56am BST07:56 RBS takes £800m bad debt hit from crisis Bishopsgate (with an RBS office on the left) has been left empty during lockdown. Photograph: Phil Clarke Hill/In Pictures via Getty Images Royal Bank of Scotland suffered a near-50% drop in first quarter profits after putting aside £802m to help cover a potential surge in bad debts due to the Covid-19 outbreak, making it the latest UK...