Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Royal Bank of Scotland Reports Improved Core Results; Restructuring and Litigation Charges Continue

Royal Bank of Scotland reported improved core banking results relative to last year. Its operating profit for the third quarter was GBP 255 million, compared with last year's loss of GBP 14 million. RBS' net income for the quarter came in at a loss of GBP 469 million, versus profit of GBP 940 million, although last year's results were bolstered by a GBP 1.2 billion gain on the sale of its Citizens Bank stake. There were several large charges in the quarter totaling GBP 1.1 billion, including GBP...
Underlying
NatWest Group Plc

Royal Bank of Scotland Group is a banking and financial services company. Co.'s activities are organized in franchise basis; Personal and Business Banking (PBB) comprising UK PBB and Ulster Bank RoI segment, which serve individuals and small businesses in the U.K. and the Republic of Ireland; Commercial & Private Banking comprising, Commercial Banking and Private Banking segment, which serve commercial, corporate and private banking in the U.K. and Western Europe; RBS International, which serves retail, commercial and financial institution in Jersey, Luxembourg and London; and NatWest Markets, which provides risk management and financing solutions through its trading and sales operations.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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