You've earned it!
One has rarely, in recent years, had opportunity to see the terms “RBS” and “good news” in near proximity.
Today, however, RBS does indeed have some good news!
Doing so means it won’t have to make any more top-up payments until after 2019, protecting profits for the next three years. It will also reduce the discretionary capital charge that U.K. regulators have applied to cover uncertainty about its pension scheme deficit. And that, as noted by Jefferies, will lower the bank’s overall capital requirements.