RBS Investment Bank Income Jumps, Amsterdam Picked as EU Hub

  • Bank in talks to secure EU trading base in case of hard Brexit
  • Lender reports net income swings to $894 million from loss

Ewen Stevenson, chief financial officer at RBS, discusses quarterly results, their Brexit contingency plan and his outlook for the company. He speaks on “Bloomberg Daybreak: Europe.” (Source: Bloomberg)

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Royal Bank of Scotland Group Plc’s better-than-expected performance in the second quarter came from an unexpected source: its investment bank.