RBS outlook: What’s next for the troubled lender? - Panmure Gordon

Royal Bank of Scotland (RBS) informed markets on Monday that it has reached an agreement to settle rights issue litigation with three of five shareholder groups representing 77 percent of the claims against it, based on the value of the claims.

The lender has set aside GBP 800 million to settle the claims. David Buik, Senior Market Commentator for Panmure Gordon believes it is positive news for the troubled lender.

However, the lender could face a lengthy legal battle after some retail investors rejected the settlement.

Watch the full segment to know if the worst is behind for the RBS or the mess will continue to worsen in 2017. Buik also comments on central banks - FED, BOE, Carney and forward guidance.

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