RBS Considering Special Dividend or Buyback, Chairman Says

The transcript discusses the aftermath of government ownership in UK banking, focusing on RBS. It covers RBS's financial status, capital strategy, and potential shareholder returns. The long-term effects of the financial crisis on RBS are examined, highlighting the challenges faced by the bank. Additionally, the transcript explores trends in Anglo American banking and the potential impact of Brexit on these trends.

What is the primary reason for considering a buyback over a special dividend for RBS?

• To increase the government's shareholding

• To reduce the bank's capital base

• To comply with European Commission requirements

• To avoid paying fines to the US Department of Justice

What is the significance of the Bank of England's stress test for RBS?

• It measures the bank's market share in the UK

• It evaluates the bank's compliance with European regulations

• It assesses the bank's surplus capital for shareholder returns

• It determines the bank's ability to pay off fines

Why has RBS's net asset value decreased significantly since 2008?

• Due to increased government ownership

• Because of high property lending losses

• As a result of successful stress tests

• Owing to a rise in share prices

What does the term 'Anglo American banking' refer to?

• The merger of UK and US banks

• The focus on retail banking in Europe

• The concentration of investment banking in London

• The dominance of American banks in the UK

How might Brexit impact the trend of continental banks operating in London?

• It will force them to merge with UK banks

• It may lead to a reduction in their operations

• It will have no impact on their operations

• It will increase their presence in London