RBS upbeat on its recovery

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RBS upbeat on its recovery

E
euronews (in English)

2 Views • May 04, 2012

Description

The state-backed British lender Royal Bank of Scotland says it is on the path to recovery after a better-than-expected quarterly profit of the equivalent of 1.48 billion euros.

The bank - which is 82 percent owned by UK taxpayers - said the government has "no desire" to start selling its stake at current depressed prices.

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http://www.euronews.net/