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Friday, October 27, 2017

The Curate's Egg That Is RBS

The Telegraph reports that the Royal Bank of Scotland could be on course for its first full-year profit since its £45bn state bailout at the height of the financial crisis, after posting a third successive quarter of profits.

RBS posted £392m in profits for the three months to September and £1.33bn for the year to date.

However, there is a down side. RBS is still waiting to see if it will be fined by the DoJ for selling subprime mortgages. The fine is expected to be around £6BN.

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