According to reports yesterday, documents sent by Royal Bank, now 84%-owned by the taxpayer, to prospective bidders show the network is dependent on the emergency funding from the Bank of England.
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£2bn funding casts doubts over sale of RBS branches
Some £2 billion in emergency funding from the Bank of England’s special liquidity scheme that helps support loans at Royal Bank of Scotland is likely to narrow the field of potential buyers for its 300-plus branches in England and Wales.
