Royal Bank of Scotland Group PLC said on Friday it returned to profit in the first half of the year, even as it’s been hit with a U.S. settlement fine. The bank posted a profit of £939 million ($1.23 billion) in the first six months of the year, compared with a loss of £2.05 billion in the year ago period. Profit for the second quarter came in at £680 million, swinging back from a loss of £1.1 billion in the same quarter last year. RBS also said it’s planning to move some operations to Amsterdam after Brexit, likely to affect around 150 people, according to the BBC.
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From:: Stock Market News