Investors overlooked Royal Bank of Scotland’s soaring bad debts today to send shares in the part-nationalised bank almost 14% higher.
The £2.9bn (€3.25bn) in bad debts unveiled by RBS were accompanied by better-than-feared pre-tax losses of £44m (€49.3m) and strong investment banking results, which helped shares 5.8p ahead to 47.4p.
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