Britain's spending watchdog may review RBS privatization process

Britain's spending watchdog may open an investigation into the government's decision to start selling shares in Royal Bank of Scotland last year causing a 1.1 billion pound ($1.39 billion) loss for taxpayers, sparking accusations of poor timing from opposition politicians. The head of the National Audit Office, said in a letter to the Treasury Select Committee, he is considering a review of the government's handling of the taxpayer's investment in the nationalized banks, including the advice giv