Treasury plan may allow RBS to avoid selling 300 branches

Proposals to meet state aid demands would cost bank £750m if approved by EU but resolve longstanding dilemmaRoyal Bank of Scotland could be released from a demand imposed by Brussels to sell off 300 branches as a result of proposals made by the Treasury. The new plan to meet state aid requirements will cost RBS £750m but remove a significant hurdle facing the bailed-out bank if it wins support in the EU. Continue reading...