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FILE PHOTO: Royal Bank of Scotland in London, Britain December 1, 2017. REUTERS/Peter Nicholls/File Photo. LONDON (Reuters) - Royal Bank of Scotland ( RBS.L ) reported a better than expected pre-tax profit of 4.2 billion pounds($5.48 billion)on Friday, as chief executive Alison Rose set out a new strategy including a planned renaming of the taxpayer-backed group to its biggest brand NatWest. Rose’s strategy includes plans to cut back its under-performing investment bank NatWest Markets by reducing its risk weighted assets from 38 billion pounds to 20 billion pounds. The British lender’s profit was 24% higher than 2018 and above the 3.8 billion pounds average of analysts’ forecasts compiled by the bank. Full story

4 days ago, 14 February