Oct 31 Bulgaria 1 Report from London Nejra Cehic

RBS has reported its first profit in three years, exceeding analysts' expectations, leading to a rise in its share price. CEO Ross McEwan has been focusing on UK customers and cutting back on investment banking to reverse years of losses. However, RBS faces challenges from scandals, including currency rigging investigations, setting aside £400 million for potential fines. Despite a 12% share gain this year, RBS shares remain below the government's bailout break-even level from 2008.

What strategic change did RBS CEO Ross McEwan implement to reverse losses?

• Expanding investment banking operations

• Focusing on UK customers

• Increasing international investments

• Reducing customer service

What major issue has affected RBS's recovery efforts?

• A decline in UK economy

• Currency rigging investigation

• High employee turnover

• Increased competition from new banks

How much has RBS set aside for potential fines related to scandals?

• £200 million

• £400 million

• £600 million

• £800 million

What percentage gain have RBS shares experienced this year?

• 5%

• 8%

• 10%

• 12%

What is the significance of the 407 pence share price for RBS?

• It marks the highest share price in history

• It is the break-even point for the government's bailout

• It is the target price for the next quarter

• It is the average share price over the last decade