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RBS split an option but would be a slow process - Treasury

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(Globalpost/GlobalPost)

LONDON (Reuters) - Chancellor of the Exchequer George Osborne said on Tuesday that any split of the partly state-owned Royal Bank of Scotland would be a slow process.

"While of course we can discuss the merits and demerits of a good bank-bad bank split, I don't think it could be very swiftly delivered," he told British lawmakers during a hearing.

A finance ministry official appearing alongside Osborne added: "Obviously this is an option."

(Reporting by William Schomberg and Olesya Dmitracova)

http://www.globalpost.com/dispatch/news/thomson-reuters/130326/rbs-split-option-would-be-slow-process-treasury