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Royal Bank of Scotland, following the results of the third quarter, reported on the growth of net profit by 14.3% in annual terms to 448 million pounds sterling. The indicator did not reach experts' forecasts of 507 million pounds. The bank noted that to overcome possible problems after Brexit, 100 million pounds were sent to reserves. Operating profit before tax was £961 million, up 10.3% in 12 months. Net interest margin of 1.93% for the quarter was 8 basis points lower than a year earlier. The headquarters of RBS after Brexit will be located in Amsterdam, the bank received permission from the Netherlands financial regulator.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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