RBS shares slide as it warns Brexit uncertainty will likely hurt profits [CNBC]
ROYAL BANK of SCOTLAND (RBS)
US:NYSE Investor Relations:
investors.rbs.com
Company Research
Source: CNBC
RBS shares slide as it warns Brexit uncertainty will likely hurt profits Johnny Green - PA Images | PA Images | Getty Images A woman walks past the headquarters of the Royal Bank of Scotland in the City of London. The The figures exceeded expectations of £546 million according to a company-provided average of analyst forecasts. However, RBS shares fell 5% Friday morning as the bank warned of upcoming challenges due to continued Brexit uncertainty. The news comes following the announcement Thursday that CEO Ross McEwan will step down in 2020. The bank has now launched a global hunt for his successor, with RBS executive Alison Rose tipped as favorite for the job. Here are the key figures: In the earnings statement, RBS said the "ongoing impact of Brexit uncertainty on the economy, and associated delay in business borrowing decisions, is likely to make income growth more challenging in the near term." The bank has long warned of the possible impact of the U.K.'s departure from the Eu
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