2013

- February: RBS is fined £390m by UK and US regulators in relation to the manipulation of Libor interbank exchange rate. The scandal involves a number of banks across the industry.

- June: Hester announces he will step down as chief executive by year end, as the government looks to move the bank forward from its rescue phase. By October, the Kiwi boss of the bank’s UK retail division, Ross Mcewan, takes over as chief executive.

- December: RBS is fined €391m by EU authorities over the Libor scandal. 2014

- January: The bank sets up the so-called bad bank meant to handle toxic assets dating back to the 2008 banking crash. RBS Capital Resolution (RCR) holds around £29bn worth of assets.

- April: RBS receives EU approval to extend the deadline for its state aid requirements in exchange for divesting Citizens Financial Group. After three years