RBS avoids 'good and bad' bank split
1 November 2013 Last updated at 07:55 GMT
The government backed Royal Bank of Scotland will not split into separate 'good' and 'bad' banks.
The bank, which is 81%-owned by the taxpayer, will create an internal ring-fence around £38bn of bad assets.
RBS also announced a pre-tax loss of £634m for the third quarter.
Andy Moore reports.