Royal Bank of Scotland returns to profit in Q1

Royal Bank of Scotland returns to profit in Q1

Royal Bank of Scotland returned to profit in the first quarter with net earnings of £393 million ($610 million, 467 million euros) after a hefty loss a year earlier, the state-rescued lender announced Friday.

RBS said its profit after tax for the January-March period compared with a net loss of £1.545 billion in the first quarter of 2012.

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