Agence France-PresseJune 19, 2013 16:34
British finance minister George Osborne on Wednesday ordered a review into whether state-rescued Royal Bank of Scotland should be split into 'good' and 'bad' banks, with the latter housing written-off assets, as part of the government's plan to return RBS to the private sector.
Chancellor of the Exchequer Osborne, addressing business leaders in London, added that the coalition government was also considering options for selling its stake in Lloyds Banking Group (LBG), which like RBS won a massive state bailout following the 2008 global financial crisis.
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