RBS should speed up restructuring: Cameron

British Prime Minister David Cameron says he wants state-controlled Royal Bank of Scotland to speed up restructuring and has refused to rule out giving the government’s share in the bank to the public.

The government owns 82 per cent of RBS after pumping in 45 billion pounds (HK$540.1 billion) of capital when the bank neared collapse in 2008.

Speaking in India during a trip aimed at drumming up trade and investment, Cameron made it clear he was keen to return the bank to private ownership as soon as possible and wanted it to step up its efforts to overhaul itself.

via Business feed http://www.scmp.com/business/banking-finance/article/1153774/rbs-should-speed-restructuring-cameron