All change at RBS as investment bank drags down results
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All change at RBS as investment bank drags down results

Profits at RBS’s investment banking division dropped in the second quarter of 2013 as it continued to shrink its balance sheet and suffer from volatile market conditions. But the group posted solid pre-tax profits and looked to continue its restructuring process as it promoted Ross McEwan, head of RBS’s UK retail business, to chief executive.

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