David Cameron has increased the pressure on Royal Bank of Scotland’s chief executive to “accelerate” reforms at the state-controlled bank amid fresh speculation about a mass offering of its shares to the public.
The UK prime minister, speaking on a three-day visit to India, said the idea of a “Tell Sid” privatisation of RBS – echoing the Thatcherite privatisations of the 1980s – was one of a number of “interesting questions for the future”.
But he made clear he was becoming frustrated with the pace at which the bank, led by chief executive Stephen Hester, was being restructured and its value rebuilt.
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