Mortgage News

RBS tipped to break into black for first time in a decade

RBS reports its first profit in a decade, after nearly 60 billion in losses. It has cut its headcount by more than half from its peak. RBS said it made a net profit of 752 million (.05 billion) in 2017 (pdf), compared with a 7 billion loss the year before. Between 2008 and 2016, it recorded cumulative losses worth 59 billion.

Good morning: The state-owned Royal Bank of Scotland moved back into the black in the first quarter, despite booking a further 577 million of restructuring costs. The bank has booked a 259.

Royal Bank of Scotland has ended a nine-year streak of annual losses, but celebrations were tempered by additional conduct charges, mixed results in the fourth quarter and the bank’s failure to.

RBS returns to profit for first time in 10 years. Royal Bank of Scotland (RBS) has reported a 752m annual profit, with the lender swinging out of the red for the first time in a decade.

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The Royal Bank of Scotland is to be broken up by the Government into a "good bank" and a "bad bank" with the go-ahead to be given within the next few weeks, the Chancellor has disclosed. George.

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High street banking giant rbs has made its first profit since it came within hours of crippling Britain’s entire financial system a decade ago.

Royal Bank of Scotland (RBS) has posted its first annual profits in a decade – as it is about to slash its branch network.. RBS is back to black as profits total 752million. by Keith.

RBS reports first profit in a decade but shares fall on concerns about hefty US fines. Royal Bank of Scotland Group. You understand that the Site may contain opinions from time to time with.