Nov 3rd, 2009 - BBC NEWS
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RBS is majority-owned by the UK taxpayer
Royal Bank of Scotland (RBS) and Lloyds Banking Group are to sell off bank branches in another major shake-up of the UK banking industry.
The sales have been demanded by the European Commission to safeguard competition concerns after the two were bailed out by the UK government.
Brussels has demanded that banks bailed out by taxpayers should be scaled down.
RBS will sell its RBS branch network in England and Wales and its NatWest brand in Scotland over the next four years.
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HEARD ON THE STREET: Lloyds And RBS Suffer Different Fates
Nov 3rd, 2009 - Wall Street Journal
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Darling hails Lloyds and RBS move
Nov 3rd, 2009 - BBC NEWS
Both banks will sell off hundreds of branches
Alistair Darling has welcomed the announcements that Royal Bank of Scotland (RBS) and Lloyds Banking Group are to sell off hundreds of branches.
The chancellor said the sales...Alistair Darling: RBS and Lloyds bonus clampdown 'better for taxpayer'
Nov 3rd, 2009 - Telegraph
Royal Bank of Scotland and Lloyds Banking Group have agreed to dramatic caps on bankers' bonuses as the price for receiving billions more in taxpayer aid.
Speaking as...
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