Brussels, 10/04/2014 (Agence Europe) - On Thursday 10 April, the European Commission gave the go-ahead under EU state aid rules to planned amendments to the restructuring plan of Royal Bank of Scotland (RBS), which has received more than £25 billion sterling in state aid.
The Commission found that a delay of the divestment of RBS UK SME bank entity Rainbow will not jeopardise the viability of the business, although Competition Commissioner Joaquín Almunia says: “Establishing Rainbow as...