Secondly, we do have a good ongoing bank that we're building and that is poised to respond even better when economic times allow. The vast majority of our ongoing businesses are already making double-digit ROEs. They're all capable of doing double-digit ROEs, better than the cost of capital as well. And I believe that we'll see the upturn once our customers see the upturn. In the meantime, we're working hard to make them as strong and as resilient as they can be given the top line pressures there are. And I think that in many key areas, we're ahead of the game in terms of our restructuring activity, most notably the change of proportion of our wholesale activities to the total that we have effected.So with those introductions, let me pass straight over to any questions you may have. And, operator, perhaps you can take us through that.
The Royal Bank Of Scotland Group Management Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.