RBS Said Easier To Sell If Broken Up


Breaking up Royal Bank of Scotland could make it easier to sell the part state-owned British lender, a former Bank of England monetary policy committee member said on Monday.

Reuters reports that Adam Posen told lawmakers such a step would also boost competition in a market dominated by RBS and three other big lenders - Barclays, HSBC and Lloyds.

'A clean investment bank or clean commercial bank may be an easier thing to sell', Posen told a panel of MPs.

In the meantime, The Wall Street Journal reports that RBS is considering splitting its investment bank into two separate divisions, according to a person briefed on internal discussions at the firm.

The shake-up would involve splitting RBS's markets business from its international banking operation, the person briefed on the discussions added, saying that no final decision has been made.

Broken-up RBS bank may be easier to sell - Posen

RBS Considering Investment Bank Split (subscriber content)

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News