ONCE upon a time in a land that now seems far, far away, people bought bank shares because they were seen as safe, boring and good dividend payers.
Then came the financial crisis. Share prices tumbled, and dividends were slashed.
In the case of part-nationalised Royal Bank of Scotland and Lloyds Banking Group they halted altogether.
Obscured by the customary clouds of rage that herald the start of the banks' latest bonus round, a new sheaf of brokers' notes on RBS has highlighted how far we are from returning to this previous normality.
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