RBS profits treble to £792m in first quarter as costs fall

Bailed-out bank easily beats forecasts but US expected to impose multimillion-pound fine

Profits at Royal Bank of Scotland more than trebled in the first three months of 2018, easily beating expectations as income rose and costs fell.

The bailed-out bank, which is still majority owned by UK taxpayers reported first-quarter profits of 792m, compared with 259m for the same period last year.

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