Call for RBS to ape Canadians

RBS should be made more like a Canadian bank, according to documents revealed yesterday.

Davide Serra, a hedge fund manager, was photographed taking the documents into a Downing Street meeting yesterday. The papers appeared to say that state-owned RBS is “structurally attractive” and could be made “more Canadian” – which may be shorthand for being less exposed to risk. Downing Street did not comment on the meeting or say who Serra was seeing.