EU gives nod to RBS competition plan, lifting state aid curbs

European Union regulators approved a British plan allowing bailed-out Royal Bank of Scotlandto support smaller alternative banks with funds totalling around 835 million pounds ($1.1 billion) to encourage competition.The British government struck a deal with the European Commission in July for the plan, after RBS was unable to sell business banking unit Williams & Glyn and failed to meet one of the conditions of its 45 billion pound bailout.The deal is significant for RBS as it ends the bank'