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.
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By DANICA KIRKA, Associated Press, Seattle Post-Intelligencer: Business
Fri, 04/29/2016 - 4:54am
BING NEWS:
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04/18/2024 - 5:09 am | View Link - Royal Bank of Scotland to close a fifth of its branches with 105 jobs at risk – full list of closures
Royal Bank of Scotland (RBS) has confirmed plans to close a fifth of its bank branches across the UK. The financial institution, which is now part of NatWest Group, will shut down 18 of its 86 ...
04/17/2024 - 7:24 am | View Link - Royal Bank of Scotland to close a fifth of branches
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04/17/2024 - 6:58 am | View Link - More
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