RBS shares off 0.7% after CFO Ewen Stevenson steps down

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Metro Bank profit soars, capital ratio falls

Metro Bank PLC (MTRO.LN) said Wednesday that its first-quarter profit increased more than fivefold from the prior year, but that its capital position weakened. The U.K. bank’s quarterly post-tax profit rose to 6.4 million pounds ($8.9 million) from GBP1.1 million in the same period a year earlier. Exceptional costs for the quarter included GBP436,000 in impairment of property, equipment and intangible assets, and GBP590,000 spent on Metro Bank’s application for funds being provided by Royal Bank of Scotland Group PLC (RBS.LN) to promote banking competition, under European state-aid rules.

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