(Reuters) - RBS, Britain's second biggest bank, said in a trading update on Tuesday that its UK retail markets unit would show a "modest reduction" in impairment losses in the six months to the end of June, while its cost/income ratio should improve from the 2006 level.
RBS said last week it should beat analysts' forecasts for first-half underlying earnings. Profit before tax and exceptional items is expected to be 10.3 billion pounds in 2007, up 9 percent from 9.4 billion in 2006, according to a Reuters Estimates average forecast from 11 analysts.
Read more at Reuters.com Market News
RBS said last week it should beat analysts' forecasts for first-half underlying earnings. Profit before tax and exceptional items is expected to be 10.3 billion pounds in 2007, up 9 percent from 9.4 billion in 2006, according to a Reuters Estimates average forecast from 11 analysts.
Read more at Reuters.com Market News
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