It appears that the Royal Bank of Scotland ( Scotland ) is preparing to sell off its Jones & Glyn business with the hiring of Bank of America Merrill Lynch to prepare the sale . Sabadell and TSB have made no secret of their ambition to grow further potentially with acquisitions and particularly focusing on business banking. It was authorised to sell the company by European regulators as a part of its £ 46bn bailout ; however , the sale process has been costly and hampered by setbacks , primarily due to technology issues . It is estimated that RBS values the bank at £ 1.5bn ( $ 1 ) .
It appears that the Royal Bank of Scotland ( Scotland ) is preparing to sell off its Jones & Glyn business with the hiring of Bank of America Merrill Lynch to prepare the sale . It was authorised to sell the company by European regulators as a part of its £ 46bn bailout ; however , the sale process has been costly and hampered by setbacks , primarily due to technology issues . It is estimated that RBS values the bank at £ 1.5bn ( $ 1 ) .