Selling the state's stake

The spotlight on RBS' chief, Stephen Hester, is unlikely to abate anytime soon. Results revealed that despite a jump in operating profits, regulatory fines and restructuring charges left the bank with a £500m loss. The lender is also likely to miss its deadline to sell 300 branches to comply with EU state aid rules. Lex's Stuart Kirk and Oliver Ralph discuss how the lender's restructuring programme is shaping up and when the government might start to sell down its 82 per cent stake.

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