Royal Bank of Scotland has reported its first year of profit since being bailed out by the UK government during the financial crisis — but a huge settlement with US regulators over past misconduct continues to hang over the bank.
RBS said in its fourth-quarter and full-year results today that attributable profits for 2017 were £752m, compared with a near £7bn loss in 2016. Revenues rose around 4% to £13.1bn.
