Sky News - RBS accelerates settlement talks

RBS building

Royal Bank of Scotland (RBS) has accelerated talks about a legal settlement with thousands of former investors, weeks before a trial that would see former chief executive Fred Goodwin called to give evidence.

Sky News has learnt that RBS's lawyers have been in negotiations with the RBoS Shareholder Action Group during the last 48 hours in a bid to resolve the final remaining claim relating to a £12bn cash call in 2008.

Talks were understood to be continuing on Friday, although one source put the chances of a successful resolution before a trial at "no better than 50-50".

The development comes just days after the judge overseeing the case ordered the claimant group to disclose further details of its funding amid concerns that it would be unable to cover legal expenses if it loses.

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