RBS shares rise PM puts pressure on bank

<p>Shares in RBS have climbed as David Cameron pushes for the bank to speed through its reforms.</p>

Shares in the Royal Bank of Scotland (RBS) have climbed, as the prime minister ups the pressure on the lender to push its reforms through.

Speaking on a state visit to India, David Cameron said he wants the financier to "accelerate the adjustments" it was making and added he is looking to "examine all possibilities" for putting RBS back into the private sector.

The bank is 82 per cent owned by the taxpayer after the government bailed it out with £45 billion of public money to stop it from collapsing during the financial crisis.

Mr Cameron declined to confirm whether the government was preparing to sell its stake in the bank, however.

RBS boss Stephen Hester started the process of reforming RBS in 2009 and said the process would take five years to complete.

At 10:50 GMT, shares in RBS on the London Stock Exchange rose by 1.4 per cent to 344.00p per unit.

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