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
Three men gored and 10 others hospitalised during first day of a week-long San Fermin festival in the northern Spanish city of Pamplona.
Olympian Dawn Fraser has been accused of racism after saying tennis player Nick Kyrgios should "go back" to where his parents came from.
A wanted man asked police to use a "better photo" instead of the "horrible mugshot" they used in a Facebook appeal.