RBS profits expected to soar

ROYAL Bank of scotland are expected to post higher profits on friday as problems hanging over them since the bailout that saved them in 2008 began to ease.

Profits are expected to rise to £507million for the summer months, up from £392million a year earlier.

Rbs will benefit in part from a drop in conduct and litigation costs, which are believed to have fallen to £83million from £125million over the same period.

earlier this month, the bank paid out their first dividend in 10 years, after reaching a £3.7billion settlement with us regulators over claims they mis-sold mortgages in the run-up to the financial crisis.