RBS Posts $2.7B Net Loss in H1, Revenues Down Nearly -20%

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RBS Posts $2.7B Net Loss in H1, Revenues Down Nearly -20%

Postby kreslik.news » Thu Aug 04, 2016 10:08 am

The Royal Bank of Scotland (RBS) (LON:RBS) has reported its H1 2016 earnings, its first figures since the Brexit referendum back in June. The results showed widening losses and revenues that could not get back on track, despite a relatively lean quarter of personnel moves and cuts.

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RBS (LON:RBS) has been in the midst of a similar predicament as other lenders in the UK, i.e. how to combat falling profit margins and revenues with the mounting cost of labor. For its part, RBS has embarked on ... (read more)

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