'˜Low' US fine fuels hopes for RBS dividend's return

By The Newsroom
Published 28th Jul 2018, 23:38 BST
With the US fine out of the way, investors are now turning their attention to the resumption of dividends from RBS. Picture: Daniel Leal-Olivas/AFP/Getty ImagesWith the US fine out of the way, investors are now turning their attention to the resumption of dividends from RBS. Picture: Daniel Leal-Olivas/AFP/Getty Images
With the US fine out of the way, investors are now turning their attention to the resumption of dividends from RBS. Picture: Daniel Leal-Olivas/AFP/Getty Images
Investors in RBS will be hoping for an update on the potential resumption of dividends this week when the bank is expected to report continued turnaround progress after agreeing a multi-billion dollar settlement with US authorities recently.

RBS announces second-quarter results on Friday and will take a $1.44 billion (£1.1bn) charge related to a lower than expected fine following a US investigation into the mis-selling of toxic mortgage-backed securities.

The Edinburgh-headquartered bank reached a $4.9bn agreement in May in a move which settled the last major claim related to its conduct ahead of the financial crisis.

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