A profit is nearly within reach.

Chief Executive Officer Stephen Hester said the “sins from the past are receding” after the government-controlled lender posted a bigger-than-estimated first quarter loss.

“There are still a few of them with us, and there will be several more quarters obviously in which that receding happens,” Hester told reporters today. “As we tick off each of these items from the past, then that growing operating profit will become increasingly available to shareholders.”

RBS CEO Says ‘Sins From the Past’ Fading as Bank Has Loss [Bloomberg]

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Comments (7)

  1. Posted by CoveredLong | May 6, 2011 at 5:12 PM

    @Stephen Hester – Please hurry up and make the operating profits available sooner, I’d like to move my retirement into the ‘available’ bucket.

    -AIG Quant/Shareholder who’s giving the new disqus “@” function a try and can imagine Mr. Hester checking his twitter account for notification

  2. Posted by Guest | May 6, 2011 at 6:18 PM

    What is the projected timeline for ‘respect’ becoming available for RBS?

  3. Posted by Dr. Rosenrose | May 6, 2011 at 6:38 PM

    Not on my watch.

    -SH

  4. Posted by Guest | May 6, 2011 at 7:17 PM

    Why won’t the sins from my past go away?

    -A Fastow

  5. Posted by Guest | May 6, 2011 at 7:48 PM

    UBS – still sinning.

  6. Posted by Guy Who's "U" Key is Broken | May 6, 2011 at 9:56 PM

    RBS Sucks

  7. Posted by Guy Who's "U" Key is Broken | May 6, 2011 at 9:56 PM

    RBS Sucks