Royal Bank of Scotland could be made to sell more than 300 branches by the European Commission as a penalty for receiving billions of pounds of state aid.
Negotiations between the Treasury, the Commission and RBS, which is 70 per cent owned by the taxpayer, were last night intensifying, according to The Times. The Government is understood to back a plan which would involve RBS giving up its 312 branches under the RBS brand in England and Wales. It would keep its NatWest branches. RBS has made plans to re-brand its RBS network south of the border under the Williams and Glyn's name, a brand that disappeared from the high street 24 years ago. See story...
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