The payment protection insurance scandal, which has totalled £34bn is expected to ease off.
Job losses and the closure of 32 NatWest branches ensue to cut costs after it posts £2bn annual loss.
Businesses are holding their breath, anticipating possible tax increases introduced by the Chancellor.
The move is expected to help save costs for RBS, which posted its eight successive annual loss in February.
Glencore and Anglo American lead FTSE 100 risers but RBS plunges after posting £1.9bn loss on litigation charges.
UK and European stocks set to end a three-day losing streak as banking stocks gain and oil prices rebound.
Late rally in oil prices drags UK and European stocks in positive territory ahead of FOMC's decision.
CEO Ross McEwan confirmed to reporters that RBS is set to make a loss in 2015 after the charges.
UK and European stocks in the red as oil prices fall again and high street bankers drag FTSE 100 lower.
White seconded RBS's 'sell everything' statement, warning of plunging stocks and oil price of $16.
Bank forecast oil prices to fall to $16 a barrel and China crisis to worsen.
Customers were unable to use bank's debit cards at Tesco and other stores.
HSBC, Barclays, Lloyds, Nationwide and Santander cleared the BoE stress test.
Bailed out bank reported that net income fell by 16%.
RBS said that 51bn of its non-voting series B shares at 10p will be swapped for 5.1bn ordinary £1 shares.
UK banks have been pretty bad boys, caught out for a succession of Payment Protection Insurance scandals.