Accelerating and expanding the disposal of Citizens Bank in the US, which we now plan to fully exit by 2016. Trading of Citizens common stock started on the New York Stock Exchange on 24 September 2014
Disposing of Williams & Glyn by 2017
We have also created RBS Capital Resolution (RCR), or the 'bad bank' as some have termed it, established to run down £29bn of assets. The majority will be completed by the end of 2016
RCR assets have fallen to £21bn as of Q2 2014. The assets within RCR represent roughly 3% of our balance sheet, but consume around 11% of our capital: this will be freed up and released back into the bank