RBS CEO Sees 'Diminishing Chance' of 2017 DOJ Deal

The transcript discusses the bank's efforts to resolve outstanding issues with the Department of Justice (DOJ) related to mortgage-backed securities. The bank aims to normalize its operations, build capital, and eventually pay dividends. Despite challenges, the bank has made significant progress in strengthening its capital position. The dialogue also touches on the changing dynamics with the DOJ and the bank's desire to finalize settlements to focus on growth and shareholder returns.

What is the major issue the bank wants to resolve to become more normal?

• Paying off all debts

• Hiring more staff

• Expanding into new markets

• Resolving a major issue with the DOJ

Why is building a strong capital position important for the bank?

• To avoid market concerns and ensure stability

• To expand internationally

• To invest in new technologies

• To increase employee salaries

What potential impact is discussed regarding retail mortgage-backed securities?

• A single-digit hit

• A high single-digit hit

• A double-digit hit

• No impact at all

How many banks, including the one in the discussion, are still dealing with mortgage-backed securities issues?

• Five

• Four

• Three

• Two

What is the bank's perception of the DOJ's current focus?

• Fully focused on the bank's issue

• Distracted by other issues in the US

• Not interested in resolving the issue

• Only focused on international matters