RBS CEO Seeking to Buy Back Government Shares to Cut U.K. Stake

  • British bank is `on track' to deliver on all of its targets
  • Stock gains as much as 1.9 percent in London trading

The Royal Bank of Scotland Group Plc (RBS) building in London.

Photographer: Matthew Lloyd/Bloomberg

Royal Bank of Scotland Group Plc Chief Executive Officer Ross McEwan said he wants the U.K. bank to buy back shares to help reduce the government’s stake.

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