It appears that RBS (RBS) is preparing to sell off its the Royal Bank of Scotland business with the hiring of Williams & Glyn to prepare the sale. RBS was ordered to sell the company by European regulators as a condition of its £46bn bailout; however, the sale process has been costly and hampered by setbacks, primarily due to technology issues. It is understood that RBS values the bank at £ 2.31bn ($ 1.5bn ).
It appears that the Royal Bank of Scotland (RBS) is preparing to sell off its Williams & Glyn business with the hiring of Bank of America Merrill Lynch to prepare the sale. RBS was ordered to sell the company by European regulators as a condition of its £46bn bailout; however, the sale process has been costly and hampered by setbacks, primarily due to technology issues. It is understood that RBS values the bank at £1.5bn ($2.31bn).