U.K. Nixes RBS Break-Up

08 Mar 2012

The U.K. has rejected a recommendation by Vince Cable, its business secretary, to break up the Royal Bank of Scotland and create a bank to boost lending to businesses.

The U.K. has rejected a recommendation by Vince Cable, its business secretary, to break up the Royal Bank of Scotland and create a bank to boost lending to businesses. After suggesting the split in a letter to the prime minister, Cable backtracked and admitted in a speech ...

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