Responding to reports that Royal Bank of Scotland could be nationalized by the UK government, Bruce Van Saun, CFO of RBS, told CNBC, "The nationalization is more idea or chat, driven more by a search for getting more lending to the UK economy, I can assure you on that front we are doing all that we can, we certainly have low rate offers out there through the funding for lending program and I think you have to give that program a little bit of time."