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Bank charges: RBS break up suggested

Royal Bank of Scotland (RBS) could be split into two banks.

The Parliamentary Commission on Banking Standards is expected to suggest that RBS is split into a bad bank and a good bank. Its bad bank would deal with more toxic assets while the good bank would work with the profitable ventures.

This move would free up the bank so that it is able to increase lending, which is hoped to present a benefit to the economy.

RBS has been asked to increase the amount of capital that it holds in order to safeguard itself against potential losses. This has meant that the bank has had to tighten up its lending to protect against the bad loans it already has. Separating the bank means that the profitable side will not have to hold capital to cover the potential losses it is already at risk of.

However, the plan could slow chancellor George Osborne's plan to privatise the 80 per cent taxpayer-owned bank.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801594276-ADNFCR



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