FILE PHOTO: Royal Bank of Scotland in London, Britain December 1, 2017. REUTERS/Peter Nicholls/File Photo
LONDON - Royal Bank of Scotland reported a better than expected pre-tax profit of 4.2 billion poundson Friday, as chief executive Alison Rose set out a new strategy including a planned renaming of the taxpayer-backed group to its biggest brand NatWest. Rose’s strategy includes plans to cut back its under-performing investment bank NatWest Markets by reducing its risk weighted assets from 38 billion pounds to 20 billion pounds.
The British lender’s profit was 24% higher than 2018 and above the 3.8 billion pounds average of analysts’ forecasts compiled by the bank.Reporting by Iain Withers and Lawrence White; Editing by Rachel Armstrong
Again.!!!!
Yet another rebrand just like the aborted rebrand of William Glyns. Different name same crap service
RT : RBS to slash investment bank, rebrand as NatWest
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