LONDON (AP) — Royal Bank of Scotland says its net loss widened in the first quarter as the taxpayer-owned bank made its final 1.2 billion-pound ($1.7 billion) payment to the U.K. Treasury as part of a deal to give the government first crack at any profits. Operating profit increased more than 10-fold to 421 million pounds as the bank cut operating expenses and reduced restructuring costs.
Nationalized Royal Bank Of Scotland Sees Loss Widen
By DANICA KIRKA, Associated Press, Seattle Post-Intelligencer: Business
Fri, 04/29/2016 - 4:54am
BING NEWS:
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04/17/2024 - 6:58 am | View Link - FTSE 100 Live 10 April: Index closes up 0.3% as US inflation reading dashes record hopes, S&P and Dow tumble
Tesco boss Ken Murphy today hailed the supermarket’s strong performance after reporting a 12.8% rise in annual operating profits to £2.8 billion. Other companies in the results spotlight today include ...
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