Oct 31 Bulgaria 1 Report from London Nejra Cehic

RBS has reported its first profit in three years, exceeding analysts' expectations, leading to a rise in its share price. CEO Ross McEwan has been focusing on UK customers and cutting back on investment banking to reverse years of losses. However, RBS faces challenges from scandals, including currency rigging investigations, setting aside £400 million for potential fines. Despite a 12% share gain this year, RBS shares remain below the government's bailout break-even level from 2008.

What was the share price level at which the government would break even on its bailout from 2008?

What was the significance of the £45.5 billion bailout for RBS in the context of bank bailouts?