Over the coming weeks, the European Commission will open an in-depth investigation into the concessions offered by the Royal Bank of Scotland (RBS), following the announcement by the British bank on Friday 17 February that it had decided against selling its chain of Williams & Glyn branches.
This commitment was made some seven years ago, when Royal Bank of Scotland was 70% nationalised by the British government in order to avoid its bankruptcy. RBS presented a series of alternative measures,...