Why is rbs selling branches

That would prevent the government from becoming the majority shareholders in the group. The Financial Times said Lloyds would announced a rights issue to raise For reprint and licensing requests for this article, click here. E-Trade Financial Corp. Archive Under pressure, RBS is forced to sell more of its businesses State-controlled Royal Bank of Scotland Group PLC said Monday that European Union regulators will require it to sell more assets sales than originally expected, part of an industry shakeup announced by the government this weekend.

Recent Articles by Author. Plans to sell the branches and their associated retail and small business accounts hit the skids back in Subsequent efforts to carve out a separate bank for public sale foundered on very expensive rocks after hundreds of millions were spent on an unsuccessful attempt to create a brand new bank with its own IT platform. Sources close to the process tell me that the breaking point was price. Here's the thing - banks don't make as much money as they used to. And that affects what they are worth obvs.

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