RBS’ first dividend since the crisis opens path for more UK selldowns

Aidan Gregory

August 03, 2018 02:00 pm

RBS 2 PA 230x150 — File photo dated 03/04/13 of a branch of the Royal Bank of Scotland. The bank has agreed a 4.9 billion US dollar (£3.6 billion) settlement with US regulators over claims it mis-sold toxic mortgage bonds in the run-up to the financial crisis. | Philip Toscano/PA Wire/PA Images

Shares in RBS rose 3.5% on Friday morning after the UK bank unveiled its first dividend since it was rescued during the financial crisis, paving the way for more share sales by the UK government once the lockup from the last trade comes off in September.

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Aidan Gregory