The Royal Bank of Scotland's chief executive Ross McEwan has said that the 'bar has been set at a higher' for RBS than other banks because it was rescued at the public's expense.
The bar has been set at a higher level for RBS than for other UK banks because we were rescued at the public’s expense.
I have asked all our people to embrace the higher expectations that people have placed on our bank.
That’s the only way we will build a really great business for our customers, our people and our shareholders. That’s my aim.
George Osborne has been talking today as if RBS is at the start of a significant transformation, but not much appears to have changed.
There will be no 'bad bank' - Mervyn King's demand to split and sell the bank we own has hit the buffers, once and for all is the idea.