RBS' McEwan sees investment bank return to profit within four years

The bank's chief executive said the restructuring was "very well advanced"

14th December, 2015
RBS expects its investment bank to return to profit within four years

Chief executive Ross McEwan of Royal Bank of Scotland, owner of Ulster Bank, said the restructuring of the investment bank is “very well advanced” and it will return to profit within four years, as he continues to shrink the division’s global operations to focus on UK and western European clients.

“The work in the corporate and institutional bank primarily will be finished by the end of this year,” McEwan, 58, told...

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