One of the key conditions of RBS’ £46 billion bailout is on the brink of failure
|09/21/2016||Posted by BusinessMediaguide.Com under General World News||
RBS’ sale of its Williams & Glyn unit — one of the key conditions it is required to fulfill after receiving a £46 billion bailout during the heart of the financial crisis — could be about to fail after Santander pulled out of negotiations to purchase it.
Talks between the two banks fell through after they failed to agree on a price for the sale of the Williams & Glyn network, the Financial Times reported on Tuesday evening citing “people briefed on the process.”
The business includes around 1.8 million personal banking customers and 250,000 small business accounts.
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