05 August 2013
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The new chief executive of the Royal Bank of Scotland, Ross McEwan, was facing his first challenge this weekend after leading shareholders in the bank signalled they would not support breaking it up even if the Treasury insisted on going ahead.
Aware of this sentiment, but conscious of the Chancellor's apparent support for a "bad bank" solution for RBS's more poorly performing assets, it is believed that advisers to the Treasury are now looking...
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