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RBS reports its first profit in a decade, after nearly £60 billion in losses

John Detrixhe
RBS reports its first profit in a decade, after nearly £60 billion in losses

Royal Bank of Scotland, majority owned by the UK government since the financial crisis, today reported its first annual profit since 2007. The Edinburgh-based lender was once the world’s biggest by assets, but has since been beset by fines and legal expenses. It has cut its headcount by more than half from its peak. RBS…