RBS looks set to break last year's record profits

Royal Bank of Scotland has released its half-year interim results announcing an income increase of 12% on the £3.3bn registered last year to £3.7bn in its corporate banking and financial markets business. Going forward, the group has outlined strategic initiatives to transfer financial markets' derivatives activities in the US from RBS New York to RBS Greenwich Capital and to establish debt capital markets capabilities in the US, leveraging the RBS Greenwich Capital customer base and the trading floor.

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