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RBS sets aside £400m for FX probes

RBS building

Royal Bank of Scotland (RBS ) made a total pre-tax profit of £1.27 billion ($2.03 billion) in the third quarter thanks to previously underperforming loans in Ireland being revalued.

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Royal Bank Of Scotland Reorganisation - Full Statement

RBS has today announced changes to its wholesale banking operations to ensure they continue to deliver against the Group’s strategy announced in 2009. The changes follow a review outlined at its Q3 2011 results, in light of a changed market and regulatory environment.

Gavel

FX traders plan to challenge FCA findings

A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.

Julius Baer won't get in bidding war for RBS unit

Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.

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