Reuters: Regulatory News: RBS names McEwan as CEO after swinging to H1 profit

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

RBS names McEwan as CEO after swinging to H1 profit Aug 2nd 2013, 06:10 LONDON | Fri Aug 2, 2013 2:10am EDT LONDON Aug 2 (Reuters) - Royal Bank of Scotland named Ross McEwan as its new chief executive, a year after he arrived to run its retail bank, alongside a return to profit in the first half of the year from a loss a year ago. McEwan had been widely tipped to get the job to replace Stephen Hester, who was ousted by the government in June, and will be tasked with completing RBS's restructuring and ensuring its shares rise above the government's break-even price so that its stake can be sold. RBS said on Friday it made a pretax profit of 1.4 billion pounds ($2.1 billion) in the six months to the end of June, compared to a loss of 1.7 billion in the first half of 2012.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions