The UK Treasury is set to unveil its verdict on a break-up of Royal Bank of Scotland shortly after the Tory Party conference, The Independent on Sunday has revealed.
The newspaper reports that a government-commissioned report is expected to reject a full-scale split into a good and bad bank, but could recommend hiving off RBS’s troubled Irish business in a bid to appease senior members of the Parliamentary Commission on Banking Standards.
They favour a break-up of RBS, which is majority-owned by the state.
The findings were expected earlier this month, but their report has been delayed as a result of the “size of the undertaking”, sources said.
It is understood the report, being overseen by Rothschild, could be published shortly after the party’s conference, which kicks off next Sunday.
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