Osborne: RBS can be a boost not a burden to Britain

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Taxpayer still has huge stake in #RBS who today set out new direction -so the bank can be a boost to the British economy, no longer a burden

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RBS avoids 'bad bank' split

Royal Bank of Scotland today reported a sharp fall in operating profits to £438 million for the third quarter, from £909 million a year earlier. The bank is also to create an internal 'bad bank' with £38bn of problem assets, avoiding a full split.