As reported by «Market Leader» (US)
Saving RBC from Bankruptcy Brings Pound Rate Higher
Forex news, pound rate. The income of British second largest bank, namely, Royal Bank of Scotland Group PLC (RBS), has dropped to ₤5.92 bln., from ₤7.14 bln., in other words, by 17%. Basic operating income has dropped by 36% (to ₤1.06 bln., from ₤1.67 bln.), and operating costs have dropped to ₤3.33 bln., in other words, by 7.5%.