RBS share sale important for putting financial crisis in the past - Hammond
LONDON (Reuters) - The Chancellor of the Exchequer said on Tuesday that the sale of a 7.7 percent stake in RBS (RBS.L) was an important step forwards after a financial crisis which led to a government bailout of the bank in 2008.
"This sale represents a significant step in returning RBS to full private ownership and putting the financial crisis behind us," Philip Hammond said in a statement.
"The government should not be in the business of owning banks."
(Reporting by Alistair Smout; editing by Guy Faulconbridge)