This is not an unfair description and the Edinburgh bank is all the better off for it.
The full tedious detail is contained in a 150 page report issued by the Government and another 150 pages also published by RBS yesterday.
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The short summary is that chief executive Ross McEwan has mended RBS's troubled relations with his political masters without agreeing to a prolonged and expensive overhaul while accelerating the bank's rehabilitation.
Some in the City squealed at the crystalisation of billions of pounds of losses that they had deluded themselves might never be realised.
But others are already looking through the gloom and talking about a future income generating stock.
With a retail banking background, Mr McEwan seems to value the often prosaic but important business of running current accounts and making loans.
He just wants RBS to do it better.
RBS is fortunate to have at its helm a man with a clear philosophy and the communication skills to sell it.
But he has shown a notable insensitivity in warning of cost cutting without telling RBS's employees - who have already been through a lot in the past five years - what kind of future they face.
A successful bank requires motivated staff. Leaving them in the dark is no way to rebuild morale.