Business

Banks Claw Back: RBS, Barclays, Lloyds

What a week for Europe's banks—again. Lloyds, Barclays, Credit Suisse and UBS all making headlines for litigation—and the huge liabilities attached. Finally, though, some positive news. Royal Bank of Scotland made a pre-tax profit of one billion pounds in the second quarter. Chief Executive Ross McEwan says the mostly state-owned bank is getting back in shape—but it's a long road.

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