RBS set for second year in profit

BANKING: Royal Bank of Scotland is set to book its second consecutive year of annual profits this week, providing further impetus for the Government to continue selling down its stake in the lender.

Analysts are forecasting the bank will see bottom line profits nearly double from £752m last year to £1.4bn when it reports on Friday. It will mark the bank’s second year in profit following a decade-long run of losses.