Company News 

RBS: a new era of certainty?

RBS: a new era of certainty?

Royal Bank of Scotland (RBS) chief executive Ross McEwan is right to call its settlement with the US Department of Justice “a milestone moment”. The state-backed banking group’s $4.9bn (£3.6bn) civil settlement with Federal authorities over historic mis-selling of residential mortgage-backed securities is much less than the market had expected. Crucially, it paves the way for the recommencement of dividends and the government sale of its 71 per cent stake.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now