Royal Bank of Scotland, the mostly government-owned UK bank, is preparing to unveil a large-scale restructure on Thursday in which it is expected to shed thousands of jobs and reshape the bank as a largely retail-focused operation.

Investors--of whom the UK government is the largest--will be watching closely as the bank continues to draw a line under its troubled recent history. Shortly after the ill-fated acquisition of ABN Amro in 2007, RBS had to be bailed out by the UK government after the financial crisis of 2008 and 2009 resulting in the government owning an 83% stake.