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Royal Bank of Scotland Drops as Gloom About Brexit Deepens

  • Bank says 2020 profitability, cost targets “very unlikely”
  • Bigger-than-expected special dividend but no update on new CEO
Royal Bank of Scotland Group Plc (RBS) bank branch in London. 

Royal Bank of Scotland Group Plc (RBS) bank branch in London. 

Photographer: Simon Dawson/Bloomberg
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Royal Bank of Scotland Group Plc slid as the state-controlled lender indicated it’s unlikely to reach key profitability targets next year given the political and economic tension around Brexit.