Royal Bank Of Scotland Posts Huge Jump In Interim FX Gains

- By FX Markets Staff
- @FXMarkets_
- 17 May 1993

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Royal Bank of Scotland (RBS) reported interim results this month that showed an 86 percent increase in foreign exchange gains in addition to a 91 percent jump in pre-tax profits. The bank has also recently recruited a new head of trading, John Masters, from the State Bank of New South Wales in London.

The bank posted FX and arbitrage gains of £57.2 million for the half, up £26.5 million from the £30.7 million it reported for the same period a year ago. Since RBS's fiscal year ends September 30

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Royal Bank Of Scotland Posts Huge Jump In Interim FX Gains

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