Royal Bank of Scotland Group PLC (RBS.L)
23 Feb 2018
LONDON Royal Bank of Scotland Group reported its first annual profit in a decade on Friday, but the milestone was bitter-sweet for the British bank which had wanted to resolve a multibillion-dollar misconduct case in 2017. | Video
* Shares fall more than 4 percent (Adds details on CEO tenure, DOJ timing)
* RBS CHAIRMAN SAYS BANK HOPES IT CAN SETTLE DOJ ACTION OVER RMBS MIS-SELLING IN COMING MONTHS
DUBLIN, Feb 23 Royal Bank of Scotland's Ulster Bank set aside money for a potential sale of distressed mortgages on Friday, despite a political backlash over similar plans by other Irish lenders.
LONDON, Feb 23 (IFR) - NatWest Markets made a £159m operating loss in its core business in the fourth quarter after a 10% fall in income from a year earlier as it suffered from the same "challenging market conditions" that hurt trading at bigger rivals.
LONDON (Reuters Breakingviews) - The parable of the prodigal son tells the story of a young wastrel who squanders his inheritance only to beg forgiveness from a beneficent father. Royal Bank of Scotland is no stranger to contrite shareholder grovelling having delivered persistent losses since the financial crisis. The state-controlled lender’s first net profit in a decade brings deliverance – in the form of dividend payments – tantalisingly near.
LONDON, Feb 23 The UK's top share index took a knock on Friday after bank RBS and airline operator IAG tumbled following their results, putting the FTSE 100 on track for a slight weekly loss.
MILAN European shares steadied on Friday as investors digested a flurry of company results, including disappointing updates from Royal Bank of Scotland and Valeo, while BT rallied after Britain's telecoms regulator set network access prices.
LONDON Royal Bank of Scotland Group said on Friday it paid women on average 37 percent less than men, the latest big bank to disclose how a concentration of males in senior roles skews pay in the financial industry.
LONDON, Feb 23 Royal Bank of Scotland Group said on Friday it paid women on average 37 percent less than men, the latest big bank to disclose how a concentration of males in senior roles skews pay in the financial industry.