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UK: Regulator probes RBS sale of Williams & Glyn

By  |  May 28, 2015

Royal Bank of Scotland may be forced to bolster Williams & Glyn, the challenger bank it is selling off, after George Osborne ordered the competition regulator to investigate how robust the new bank will be.

The Competition and Markets Authority said on Thursday that the Treasury had asked it to “advise on the competition implications” of RBS selling the bank, which will begin next year.

The CMA is also carrying out a wider investigation into current accounts and small business banking, but said the RBS review would not interfere with this. It expects to report back in July.

 

Full content: The Telegraph

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