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RBS shares rise as it exits state scheme

Royal Bank of Scotland enjoyed a shares boost as its exit from the Government's toxic asset insurance scheme fuelled hopes of a return to the private sector.

RBS gained 2% on news of its withdrawal from the state-backed Asset Protection Scheme (APS) in another buoyant day for the FTSE-100 index, which closed 40.4 points higher at 5910.9 after Tuesday's 1% gain.

Trading was more subdued on Wall Street's Dow Jones Industrial Average, which was down 10 points as the Footsie closed following lower-than-expected third-quarter figures from technology giants IBM and Intel.

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