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RBS Is Almost Done Paying For Bank’s Past F*ck-Ups, Says CEO

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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7 Responses to “RBS Is Almost Done Paying For Bank’s Past F*ck-Ups, Says CEO”

  1. CoveredLong says:

    @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. Guest says:

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

  3. Guest says:

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

    -A Fastow

  4. Guest says:

    UBS – still sinning.

  5. Guy Who's "U" Key is Broken says:

    RBS Sucks

  6. Guy Who's "U" Key is Broken says:

    RBS Sucks