RBS Clears Path to Pay Dividends After $4.9 Billion DOJ Deal
- CEO McEwan says investment case for bank is ‘much clearer’
- Hammond says deal helps pave way to sale of state-owned shares
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Royal Bank of Scotland Group Plc cleared one of the last barriers keeping the U.K. from reducing its stake in the lender and resuming dividends after it reached a tentative deal to pay $4.9 billion to resolve a U.S. mortgage probe.
Top executives said the U.K.’s biggest government-owned bank will begin discussions with British regulators about restarting dividends after a decade.