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RBS and gov't in talks over resuming dividend payments

RBS and gov't in talks over resuming dividend payments

The Royal Bank of Scotland (RBS) is in talks with the government over buying back a ‘golden share’ which would allow it to resume paying dividends, according to reports.

The Financial Times reported that RBS and the government were in advanced talks over the bank buying back a dividend access share, which the government acquired when it bailed out the bank in 2008.

The share allows the Treasury to take an enhanced dividend before payouts are made to ordinary shareholders.

Read the full story here.

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