According to a new and polemic proposal produced by the Centre for Policy Studies, every taxpayer should receive £1,000 worth of shares in the Royal Bank of Scotland and Lloyds. The authors of the proposal argued that after being overrated with all bank bailouts risks, the citizens should get some benefits.

Reports suggested that Royal Bank of Scotland has got the biggest gain at the close of today’s trading. The company’s share price got a hike of 5.6% to reach 42.74p.

There is good news for the investors and traders who are investing in RBS as its profit has increased by 25pc. It had been a good time for the investors as the Lloyds Banking Group announced a £3.47bn pre-tax loss.

The Irish loans have played a crucial role to roll down the overall performance of the Royal Bank of Scotland and forced the RBS to bare losses, more than double, during the first quarter of the year, in contrast to same time period of last year.

Royal Bank of Scotland Group Plc Coutts is the private banking arm of Royal Bank of Scotland Group Plc and the former has made recruitments for the new head, who will replace the retiring Chief Executive, Gerhard Mueller.

The Chief Executive of the RBI, Stephen Hester, will be facing tough situations at the annual general meeting where he has to explain his £7.7m pay package to the shareholders.

Leading banks; Barclays Plc, Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc have lifted up the U. K. stocks. Barclays rose by 3.6% and closed at 287.5 pence. Royal Bank of Scotland notched up by 3% to 42 pence and Lloyds Banking Group rose by 2.1% and closed at 59.3 pence.

The Financial Services Authority (FSA) has been revealed that the Royal Bank of Scotland (RBS) received around 40% more customer complaints in last 6 months in contrast to first half of 2010.

The chief executive of the Royal Bank of Scotland greeted an early return to operating profitability by the major lender, which has already hit the two and a half billion cost savings target set for this year.

Each taxpayer in the UK has a risk in Royal Bank of Scotland. That's why the latest results should be positive news. Almost halfway through the turnaround plan, the reports show a bank on the path to recovery that will soon be able to stand on its own two feet.