Royal Bank of Scotland Group PLC on Friday reported a rise in third-quarter net profit, boosted by the sale of its stake in U.S. bank Citizens Financial Group Inc. RBS is undergoing a multiyear restructuring to simplify its operations and refocus on its home markets. To that end the bank said Friday it had sold its remaining 21% stake in Citizens, as planned. RBS’s...
RBS - 3Q a net profit of £ 952 m up from £ 896 m , after it booked a £ ##500 profit from its acquisition of parent bank , plc . Revenues slipped by £ 596 ##m to £ 3.04bn as it shrank its corporate bank .