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RBS poised to seal Santander deal for sale of 318 branches

Royal Bank of Scotland is poised to tie up its deal with Santander for the sale of 318 branches, with the long-awaited announcement likely to come today.

Santander, the eurozone’s biggest bank, has been in exclusive talks with RBS and has long been the front-runner to buy the 318 branches, attracted by the significant small and medium-sized business customers in the deal.