the UK Treasury (RBS) has paid back £1.2bn to Royal Bank of Scotland, 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".
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".