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Commodities Briefing - Categorized | Investment, Market Moves more

RBS renews commodities commitment

Posted on 27 February 2009

From CNN: Royal Bank of Scotland Group PLC (RBS) renewed its commitment to commodities Thursday, unveiling a huge increase in income at its commodities operations at the same time as it announced the U.K.’s largest ever corporate loss.

The bank said income from the commodities division jumped to GBP778 million in 2008 from GBP17 million the previous year, and its joint venture RBS Sempra Commodities LLP performed “ahead of expectations” in the nine months since its formation….. Full Article: Source


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