UPDATE 3-RBS scraps Bó as profit halved by $1 billion coronavirus provision
Royal Bank of Scotland’s
profit halved in the first quarter as it set aside 802 million
pounds ($1 billion) to cover an expected spike in bad loans due
to the coronavirus pandemic, the state-backed lender said on
Friday.
profit halved in the first quarter as it set aside 802 million
pounds ($1 billion) to cover an expected spike in bad loans due
to the coronavirus pandemic, the state-backed lender said on
Friday.
Posted by Reuters
