Bank of England calls for end to RBS uncertainty

RBS building

Britain should end uncertainty over long-term plans for state-controlled Royal Bank of Scotland, Bank Governor Mark Carney said in a newspaper interview.

Reuters reports that Britain should end uncertainty over long-term plans for state-controlled Royal Bank of Scotland, Bank Governor Mark Carney said in a newspaper interview.

Carney's position on RBS echoes that of his predecessor, Mervyn King, who said the bank's ability to sustain lending was being hampered by a lack of clarity over its future.

Britain's government ploughed £45.8bn into RBS to save it from collapse in 2008, and now holds an 81% stake.

Carney also told the Daily Mail he would not be drawn on whether he thought RBS should be split into a 'good' bank and a 'bad' bank - something advocated by King and recommended by a parliamentary commission - but made clear the status quo was a damaging one.

'It's absolutely imperative that the uncertainty around RBS is dissipated', he told the newspaper.

To access the complete Reuters article hit the link below 

Carney says uncertainty about RBS' future must end 

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