Royal Bank of Scotland (NYSE:RBS) has reportedly struck a deal with the U.K. that will enable it...

Royal Bank of Scotland (NYSE:RBS) has reportedly struck a deal with the U.K. that will enable it to escape the state-backed asset protection scheme within a year. Britain will absolve RBS of paying the £17.5B upfront fee to join the program, and in exchange RBS will take the first £60B of losses on £260-280B of insured assets of vs. a previous £19.5B.