May 19, 2013

Split RBS to make it sell says Mervyn King

The government should split up RBS in order to make people want to bid for it, according to Sir Mervyn King. The outgoing Bank of England Government has indicated that it would be best to split the bank in two:

“The arguments for restructuring sooner rather than later are powerful ones. At present RBS is a portfolio of different activities that doesn’t sit well enough together to make the market want to bid for it.”

Read More: Independent.co.uk

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