While the worst is over, misconduct and restructuring costs will reduce RBS' near-term profits.
In first-half 2017, RBS posted its first semiannual profit since 2014. Net income amounted to GBP 939 million, versus a loss of GBP 2.1 billion in the year-ago period. Core revenue generation increased decently for the year to date to GBP 6.9 billion, a 14% increase versus last year, mainly driven by trading income and a 3% increase in net interest income, while net fee generation was weak and declined 5% year over year. While the bank has posted some improvement in its core lines, we are mainta...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.
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.
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