Economic news

RBS posts profit of £939m in first half of 2017

Royal Bank of Scotland posted its first half-year pretax profit of £939m compared to a loss of more than £2bn in the same period last year.

The Edinburgh-based bank remains more than 70% owned by the state following its bailout at the height of the 2008 financial crisis.

RBS also said it was talking to the Dutch central bank to use its banking license in the Netherlands to locate its European headquarters in Amsterdam after Brexit.

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