Friday, August 4, 2017

RBS announced profit for first half of 2017


The Royal Bank of Scotland  has announced it has returned to profit in the first half of 2017, despite incurring legal costs over miss-selling US mortgage products.


It's a big turnaround from the billion dollar loss incurred in the first half of last year.


RBS also said it was in conversation with Dutch authorities over moving its headquarters to Amsterdam in the wake of Brexit.


However Finance Expert David Bewick says RBS's first half results have to bee seen in the wider context.


IN: Royal Bank of Scotland

OUT: wiped out

DUR: 20 seconds


http://www.fsnradionews.com/feeds/0804rbs.mp3