Two banking majors update investors on their progress
Thursday 26 Apr 2018 Author: David Stevenson

Two of the UK’s largest banks, Barclays (BARC) and Royal Bank of Scotland (RBS) are releasing their first quarter results on 26 April and 27 April respectively.

Barclays is on somewhat of a roll, having restored its dividend payout after slashing it in 2016.

The bank has also settled with the Department of Justice over the mis-selling of mortgage-backed securities for a not inconsiderable $2bn.

RBS on the other hand has still to settle with the DoJ and the bank has set aside considerable sums to cover what is looking like an inevitable fine.

Investors will also be keen to see if the bank’s recent return to profitability has been maintained.

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