Investors warn new RBS chief executive over break-up battle

clock

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 at the possibility of suggesting a third option. The Sunday Telegraph understands that a number of leading minority investors have strongly signalled their displeasure at the suggestion that some of the state-backed bank's more toxic assets might be sold off to the Government. Those investors - who sit within the top 15 of RBS's minority investor register - said they would vote agains...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Private markets access for the masses is coming – get your operation in order

Private markets access for the masses is coming – get your operation in order

The merged entity carries approximately £310bn in private market assets

Ben Hammond
clock 24 February 2026 • 4 min read
Paws for thought: Understanding the power of pent-up demand in China

Paws for thought: Understanding the power of pent-up demand in China

The number of pets in China could rise to 570 million by 2029

Xin-Yao Ng
clock 24 February 2026 • 4 min read
Julius Baer International enters MPS market

Julius Baer International enters MPS market

Gareth Johnson appointed as head of MPS

Isabel Baxter
clock 24 February 2026 • 2 min read