Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) has trimmed its list of bidders for the 316 branches it has been forced to sell by European regulators.
The part-nationalized bank has reportedly informed J.C. Flowers and its partner, Apollo Global that their joint proposal had not been successful. The buy-out group Apollo and J.C. Flowers has been headed by former Goldman Sachs banker Chris Flowers.
In March, Bank of England's Financial Policy Committee indicated that the U.K. banking sector had a £25 billion capital shortfall. It was widely believed that some...
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