Bank announces it may miss the EU deadline to divest 300 branches due to complexity and costRoyal Bank of Scotland is facing further problems in offloading 300 Williams & Glyn branches, in a fresh blow to the management team of the bailed-out bank.
The European Union demanded the branches be separated as the price of agreeing to RBS’s £45bn taxpayer bailout. Lloyds Banking Group was also required under state aid rules to carve out TSB in return for its government rescue.
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Source: theguardian.com