Summary
Royal Bank of Scotland crept back into profit yesterday with a GBP9 million half-year surplus attributable to shareholders against a GBP1.04 billion loss a year earlier, as it defended its lending to business and revealed its investment banking arm had a tougher second quarter.
It was a better performance at the headline profits level, before tax and other expenses such as preference dividends, with RBS making a pre-tax profit of GBP1.1bn against GBP15m last time.See the full content of this document
Extract
Rbs Edges Back Into Black As Bad Debt Woes Ease
Like its rival big banks this week, the Royal's trading performance benefited from a sharp fall in bad debts as the UK rece...
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