RBS Targets, Second-Quarter Fall Prey to Legal Costs

The video discusses the ongoing challenges faced by RBS, including financial losses, litigation risks, and government ownership. It highlights the impact of these issues on RBS's ability to return capital and the deteriorating UK banking market. The discussion also covers the broader context of European bank earnings, emphasizing the importance of stock picking and the divide between banks that can pay dividends and those stuck in cycles of financial setbacks.

Discuss the implications of the government being the majority shareholder of RBS.

What are the potential consequences of RBS not passing on rate cuts to consumers?