FILE
PHOTO: People walk past a Royal Bank of Scotland office in
London
Thomson
Reuters
LONDON (Reuters) – Royal Bank of Scotland on Friday said it
posted a profit in the first half of 2017 following a 2 billion
pound ($2.65 billion) loss in the same period last year amid
hefty restructuring and legal costs.
RBS, which has not made an annual profit since 2007, made 939
million pounds in pretax profit in the six months to end-June.
The bank was rescued in a 45.5 billion pound taxpayer bailout at
the height of the financial crisis
RBS said it is in discussions with the Dutch central bank to use
its license in the Netherlands to conduct its tra…
Read the full article at: http://www.businessinsider.com/r-rbs-reports-first-half-profit-as-recovery-gathers-pace-2017-8