Royal Bank Of Scotland Posts Huge Jump In Interim FX Gains
BANKS
Royal Bank of Scotland (RBS) reported interim results this month that showed an 86 percent increase in foreign exchange gains in addition to a 91 percent jump in pre-tax profits. The bank has also recently recruited a new head of trading, John Masters, from the State Bank of New South Wales in London.
The bank posted FX and arbitrage gains of £57.2 million for the half, up £26.5 million from the £30.7 million it reported for the same period a year ago. Since RBS's fiscal year ends September 30
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