RBS rises on exiting government insurance scheme

The Royal Bank of Scotland rose two per cent on Wednesday after announcing it was leaving the government insurance scheme set up to protect it from collapse during the financial crisis.

The Royal Bank of Scotland rose two per cent on Wednesday after announcing it was leaving the government insurance scheme set up to protect it from collapse during the financial crisis.

Analysts at Credit Suisse said the move out of the Asset Protection Scheme (APS) was seen as as a positive step towards a more sustainable balance sheet.

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