The Wall Street Journal is reporting, according to people briefed on the matter, that Royal Bank of Scotland, 81% owned by the British government, is set to present plans next week to float up to a quarter of its Citizens’ U.S. retail business.

The Journal said RBS is expected to post a net loss when it presents full year results next week, which is expected to add pressure on RBS’s management to accelerate the restructuring of the bank which was bailed out by the UK government at the height of the financial crisis.

Link to Wall Street Journal story:click here.