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REPORT: The Bank of England could launch an investigation into RBS’ failure to meet a key bailout commitment





Ross McEwan, Chief Executive of RBS (Royal Bank of Scotland) speaks to reporters and investors on February 27, 2014 in London, England.

Royal Bank of Scotland’s attempt to divest the Williams & Glyn arm of its business have hit yet another obstacle.

The Daily Telegraph reported on Tuesday evening that the lender could be subject to an inquiry from the Bank of England’s Prudential Regulation Authority over its so far failed attempts to sell W&G.

RBS must sell W&G as a condition of returning excess capital and dividends to investors. The bank is still almost three-quarters owned by the British government, despite the government gradually selling off small portions of the bank in the past two years.

According to The Telegraph, RBS and the read more >>>

Source:: BusinessInsider.Com

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