Edinburgh-based bank makes payment to government under scheme agreed in 2009Royal Bank of Scotland claimed it has achieved a milestone after paying £1.2bn to the Treasury to buy out a crucial part of its £45bn bailout.
The Edinburgh-based bank – still 73% owned by the taxpayer – is making the payment to conclude an agreement with the government which prevented it paying dividends to any shareholders before the Treasury.
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Source: theguardian.com