RBS dropped from list of world's most vital banks
Royal Bank of Scotland has been dropped from a list of the world's most important banks, signifying the lender will no longer be required to hold extra capital in case it fails.
The Financial Stability Board (FSB) removed the British state-owned bank from its list of global systemically important banks that it started publishing following the 2008 financial crisis.
RBS said: “We note this decision by the FSB, which reflects our progress in building a much simpler, safer UK-focused bank.”