Small Profit for Rbs

Summary


PART-NATIONALISED Royal Bank of Scotland edged back into the black today with a pounds 15m profit for the first half of 2009.

The profit at the bank, which is 70% owned by the taxpayer after a pounds 20 billion bailout, came despite bad debts and writedowns soaring to pounds 7.5 billion.

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Extract


Small Profit for Rbs

Chief executive Stephen Hester, who has been ch...

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