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RBS plans move to Amsterdam for post-Brexit EU hub

UK taxpayer-owned bank reports first half-yearly profit for three years but reveals it is under investigation for possible breaches of money-laundering rules

Royal Bank of Scotland is in discussions about using Amsterdam as its post-Brexit EU hub and has revealed it is being investigated for potential breaches of money laundering rules.

The bailed-out bank made the announcement as it reported it had made a profit in the first six months of the year. It is the first half-year profit for the bank – in which the taxpayer still owns a 71% stake – for three years.

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