Chancellor George Osborne has welcomed RBS’s move to decrease its international investment arm after the bank announced plans to float part of its American bank Citizens.
Osborne said: “The Government's strategy is for RBS be a stronger and safer bank, which in time can be returned to full private ownership.
"I have been very clear that I want to see RBS as a British-based bank, focused on serving British businesses and consumers, with a smaller international investment bank to support that activity rather than to rival it.
"I welcome RBS's announcement today to accelerate that strategy.”
More top news
Everton, the only British side left in the Europa League, have been handed a tough tie against Dynamo Kyiv in the last 16 round
Ukip remains the party most trusted to control immigration despite more people seeing them as racist, a ComRes/ITV News poll has found.
Some say it's white and gold and others claim it's blue and black. So why do we see things differently?