RBS

Nationalised lender Royal Bank of Scotland (RBS) is to repay the final tranche of the £163bn in emergency loans it took from the UK government, and will resume paying dividends on its preference shares.

RBS has revised its Bank of England forecasts, scrapping its prediction of further QE and forecasting an initial hike in UK interest rates in the second quarter of next year.

Royal Bank of Scotland could see £20bn wiped off its value if planned banking reforms go ahead, according to its CEO.

Analysts at Investec Bank have warned investors RBS shares will not rocket back to highs seen last summer, as returns on equity continue to be constrained.

The Malaysian branch of CIMB bank has snapped up the Royal Bank of Scotland's Asia Pacific units as the bank makes further moves to streamline operations.

REGULATION

RBS could start paying dividends to preference shareholders again later this year, which could lead to a £400m capital raising.

They have had a rocky ride, but ultimately investors with nerves of steel who backed the UK's biggest commodity stocks over the last ten years would have been rewarded for their patience.

Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club, according to reports.

Shares in Royal Bank of Scotland topped the FTSE 100 this afternoon following reports Abu Dhabi's sovereign wealth fund is considering buying a 'significant stake' in the bank.