The Royal Bank of Scotland (RBS) recently rounded off positive news released from each of the UK’s four leading banks by reporting a return to profit in the first half of this year.
HSBC, Lloyds Banking Group and Barclays Bank also reported a return to profitability in the first half of 2010.
RBS, which found itself at the centre of the economic crisis two years ago, has revealed it made a pre-tax profit of £1.14 billion between January and the end of June.
The results compare with a profit of £15 million pounds in the first half of 2009 and may suggest better times are ahead for the Edinburgh-based bank, which two years ago made history when it recorded an annual loss of £24.1 billion – the largest ever in British corporate history. Read more…





