George Osborne has everything in site to sell off RBS – it’s just that the taxpayer does not need to Sir Philip Hampton said the results released by Royal Bank of Scotland last week were like “groundhog day”. The bank’s outgoing chairman was referring to the fact that decent growth in operating profits was wiped out by a string of charges for past misdeeds. It also feels like groundhog day for watchers of Britain’s bailed-out financial institutions: this time two years ago, the City was fixated on the possible timing of the first disposal of government shares in Lloyds Banking Group.
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Source: theguardian.com