Investment Banking

Rates shines at Royal Bank of Scotland

Rates trading hit highest level since early 2014 in the third quarter, with currencies and financing income also rising strongly

Rates shines at Royal Bank of Scotland

Post-Brexit vote activity powered Royal Bank of Scotland's rates trading business to its best quarter for two and a half years in the three months to September 30, as revenues more than doubled from a year earlier to £348 million – half the amount earned in the whole of 2015.

Not since the first three months of 2014, when rates trading brought in £359 million, has the business had such a productive quarter.

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