EU approves RBS competition plan, solving Williams and Glyn sell-off quandary
The forced sale by the Royal Bank of Scotland of its Williams and Glyn brand will not go ahead, ending eight years of uncertainty.
W&G has been up for sale since 2009 as part of the terms imposed by the European Commission in return for approving the UK Government’s £4.5bn bailout in 2008.
The sale of the brand was designed to stimulate competition, enticing a greater number of customers to bank with smaller rivals.
During the near nine-year period W&G has been on the market RBS has not been able to find an “appr... 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...
