Sell-off move leaves banks in flux

Sell-off move leaves banks in flux

Heavily trailed these banking announcements may have been, but even so, they have proved to be more dramatic than expected.

RBS is expected to sell off branches in England and Wales

A bigger injection of taxpayers' cash will be made and the disposal of branches demanded by the European Commission will be more wide-ranging than anticipated.

First, the government investments in Lloyds and RBS. For the former, the deal is more or less as expected.

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