RBS Net Loss More Than Doubles on U.K. Repayment

The transcript discusses the financial challenges faced by RBS, including a significant drop in core revenue and increased costs from non-performing loans. The bank is taking steps to exit government control, but has postponed dividend payments due to unresolved issues like the US mortgage settlement and the spin-off of Williams and Glen. These obstacles must be addressed before dividends can resume, potentially delaying the process beyond 2017.

What impact does the mortgage settlement in the US have on RBS's dividend plans?

Discuss the significance of the consumer bank spin-out or sale for RBS.