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RBS boss 'confident' on stress tests and hopes to resume dividend this year

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Royal Bank of Scotland (RBS)'s chief executive Ross McEwan has today given a strong hint that the bank will be able to resume paying dividends within just a few months.

McEwan, who took the helm of the bailed-out bank in 2013, said at a conference organised by Goldman Sachs in Frankfurt today that he is confident that RBS will pass stress tests set by the Bank of England this year.

The bank just failed last year's stress test, which is designed to ensure it could withstand another financial crisis, and jumping that hurdle was one of the conditions set out by the Bank of England regulator the Prudential Regulation Authority (PRA) for resuming the dividend.

Read more: DEBATE: Was the government right to sell the latest tranche of RBS........

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