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RBS posts its first profit in 10 years
via theguardian.comBoss of taxpayer-owned bank hails profit as ‘symbolic moment’ despite looming litigationRoyal Bank of Scotland has posted its first annual profit in a decade, but admitted it is braced for a multibillion-pound hit from US regulators. The bank, which is still 71%-owned by the government, made a profit of £752m in 2017, following a £7bn loss in 2016. Its chief executive, Ross McEwan, declared it a symbolic moment and an indication RBS had moved on. The bank, however, would -
RBS shares drop 4% on fears of heavy US fines - as it happened
via theguardian.comRoyal Bank of Scotland is back in the black, but litigation problems remainPerismmon bosses cut share awards after controversyBritish Airways owner IAG shares fall but Pearson gains groundEurozone inflation slips in January 2.51pm GMT Royal Bank of Scotland has moved back into profit after nine years of losses, prompting chief executive Ross McEwan to hail “a symbolic moment”. But the bank has not included provisions for potential fines from the US Department of Justice, which are li -
'You don't raise interest rates when unemployment rises' – experts debate Brexit watch data
via theguardian.comTwo former members of Bank of England’s interest rate-setting committee discuss the outlook consumers are squeezed by inflation• The economy is starting to deteriorate• February verdict in charts Senior economic adviser at the PwC consultancy and member of the Bank of England’s monetary policy committee from October 2006 to May 2011 Related: UK economic growth slows to weakest rate in five yearsRelated: The Brexit economy: things are starting to deteriorateRelated: How has -
A different picture of Airbnb in Australia emerges in scraped data
via abc.net.auAirbnb has always maintained it's about mums and dads renting out space in their homes for a modest profit, but a new analysis of the platform's public listings shows an explosion in entire homes and commercial properties on the platform. -
ExxonMobil and BHP pull Bass Strait oil assets from sale
via abc.net.auBHP and ExxonMobil decide to hold on to their ageing oil platforms in Bass Strait, off the Victorian coast, just 20 months after putting them on the market. -
Elder abuse investigators say banks, nursing homes could be doing more to help
via abc.net.auElderly Queenslanders are having hundreds of thousands of dollars siphoned out of their bank accounts by children and relatives trusted to manage their finances. -
CBA rejects bulk of fresh money-laundering allegations
via abc.net.auThe Commonwealth Bank rejects all but 11 of AUSTRAC's 100 new allegations and says most of the 53,500 money-laundering breaches should be treated as one. -
Big pharma bids $502m for promising Australian cancer cell-killing research firm
via abc.net.auA cancer research firm that has seen success with a drug assisting in killing cancer cells has caught the eye of a US pharmaceutical giant. -
Australia's reliance on US in space 'a national security risk'
via abc.net.auWe've relied heavily on other countries when it comes to space and that could be an issue if there was ever a conflict in the Asia-Pacific, the Australian Strategic Policy Institute says.
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