RBS, which is 83pc owned by the taxpayer and is being propped up with billions of pounds of public money, was rapped by the advertising watchdog for the claims made in two television commercials which have now been banned. It follows a torrid few weeks for the bank in which boss Stephen Hester was forced to give up a £963,000 share bonus amid huge political pressure and his predecessor, Fred Goodwin, was stripped of his knighthood for his role in leading the bank to the brink of collapse.
The Advertising Standards Authority (ASA) was brought in after several complainants voiced objection to the two advertisements screened in June.