RBS off the hook with Williams & Glyn sale
The Royal Bank of Scotland will not be forced to sell off its Williams & Glyn division and will instead provide £833m of support to challenger banks.
The European Commission has accepted a government plan to free the bank from an obligation to sell about 300 branches, a condition of the £45.5bn bailout of RBS in 2008.
After RBS struggled to find a buyer the EU has accepted "in principle" an alternative deal first suggested in February that will see RBS spend £835m providing support for challenger banks and funds to boost ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
