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 2015 net profit of £952m up from £896m, after it booked a £1.1bn gain from its sale of US bank, Citizens. The bank said the results were "disappointing" but that they would be better than expected as customers returned to their accounts.