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Royal Bank faces radical surgery to restore its health

Stephen Hester, chief executive of Royal Bank of Scotland, will on Thursday unveil plans for a dramatic restructuring of the bank, including a raft of disposals and hefty cost-cutting to help the troubled giant return to health.

Stephen Hester, chief executive of Royal Bank of Scotland, will on Thursday unveil plans for a dramatic restructuring of the bank, including a raft of disposals and hefty cost-cutting to help the troubled giant return to health.