CHANCELLOR George Osborne yesterday signalled no appetite for a break-up of 81% taxpayer-owned Royal Bank of Scotland, emphasising the complexities of such an exercise, writes Ian McConnell.
Mr Osborne told the UK's Treasury Committee that a break-up of RBS would be a "very, very complex operation".
He said: "There are lots of problems with it. It sounds like a good idea, in the sense of, 'let's just break up the banks'. When it comes to the practicalities of delivering it, I think it makes you think twice."
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
