Monday, 25 October 2021

Tag Archives: profitability

RBS unveils 1.7 billion pound dividend

LONDON: Royal Bank of Scotland on Friday announced a 1.7 billion pound ($2.06 billion) dividend, but warned a tough economic environment will curtail its profitability over the next 18 months. The state-backed lender posted stronger-than-expected half-year pretax profits of 2.7 billion pounds, above forecasts of 2.3 billion pounds according to ...

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Citigroup combines rates and currencies businesses

NEW YORK: Citigroup Inc said it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit. “We believe this more streamlined operating model will drive better client service, risk management and profitability,” the co-heads of the markets division, Carey Lathrop and Andy Morton, said in ...

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UK bookmakers await results of government FOBT review

LONDON: Bookmakers active in the regulated UK market will this week find out the results of a government-led review into fixed-odds betting terminals (FOBTs). The machines have been the subject of debate in the UK for some time now, with a number of campaign groups and politicians calling for the ...

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