RBS Reports Drop in Third-Quarter Profit, Missing Estimates

  • Restructuring costs rise to 847 million pounds in quarter
  • RBS eliminated 900 to 1,000 jobs this year, McEwan says

The RBS logo hangs outside the headquarters

Photographer: Simon Dawson/Bloomberg

Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, said profit fell by more than half in the third-quarter, missing analyst estimates, as Chief Executive Officer Ross McEwan stepped up the pace of restructuring to boost earnings.

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