European debt drag RBS Bank Q3 profit plummeted

(Central News Agency Taipei, November 4, 2011 Xinhua) Britain's biggest government-owned shares Royal Bank of Scotland (Royal Bank of Scotland Group Plc GB-RBS) in the third quarter profit plummeted, a reduction than expected, mainly due to European sovereign debt crisis bring disaster to the securities sector revenue. Royal Bank of Scotland said in a statement today, without the so-called debt valuation adjustments of accounting profits, operating profit over last year ...European debt drag RBS Bank Q3 profit plummeted