The chief executive of RBS, Ross McEwan, has resigned after five and a half years in the post.
Mr McEwan said that he had “delivered the strategy” that he set out when taking over in 2013.
Under his leadership the bank, which is 62% government-owned, has closed hundreds of branches, but last year reported a profit of £1.62bn, more than double the profit of the previous year.
He will remain in the role until a successor has been appointed.
“It is never easy to leave somewhere like RBS. However with much of the restructuring done and the bank on a strong and profitable footing, I have delivered the strategy that I set out in 2013 and now feels like the right time for me to step aside and for