Royal Bank of Scotland (RBS) has paid back £1.2bn to the UK Treasury, which sees the bank buy out a crucial part of its £45bn bailout; the bank may now resume dividend payouts. The bank is still 73% owned by the UK Government, and reports suggest that it still may not be able to make a dividend payment in 1Q16 due to its financial position, but the bank's CEO, RBS, said that the payment marked "an important milestone".
Royal Bank of Scotland (RBS) has paid back £1.2bn to the UK Treasury, which sees the bank buy out a crucial part of its £45bn bailout; the bank may now resume dividend payouts. The bank is still 73% owned by the UK Government, and reports suggest that it still may not be able to make a dividend payment in 1Q16 due to its financial position, but the bank's CEO, Ross McEwan, said that the payment marked "an important milestone".