RBS set for biggest privatisation in UK history

US regulators impose $4.9bn penalty and pave way for Government to sell its 70% stake

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(Image credit: Olly Scarff/AFP/Getty Images)

The long-awaited sell-off of Royal Bank of Scotland is to get the green light from the Treasury after the bank agreed a penalty from the US regulator for selling toxic mortgage bonds in the run-up to the financial crisis.

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