Big Banks Face Being Broken Up for Sell-Off, Say Tories ; Osborne Calls for Banking Rethink When Crisis Ends

Western MailApril 09, 2009

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TROUBLED Royal Bank of Scotland faces being broken up before it can be sold back to the private sector, the Conservatives said yesterday.

The taxpayer owns a 70% stake in RBS, which made a loss of pounds 28bn last year - the biggest in UK history - and is planning 9,000 job cuts.

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Big Banks Face Being Broken Up for Sell-Off, Say Tories ; Osborne Calls for Banking Rethink When Crisis Ends

The Government wants to return the bank to the pri...

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