The Royal Bank of Scotland is planning to put some of the ABN Amro activities it bought in the Dutch bank’s takeover into a separate ‘bad bank’, say British newspapers.
The Sunday Telegraph said RBS plans to split itself into a good and a bad bank, and that ABN Amro’s Asian and Australian activities would go into the bad bank.
RBS was one of three banks which took over ABN Amro in 2007 for €71bn. RBS’s spoils included ABN Amro’s international activities.
The other takeover partners were Belgian-Dutch financial services group Fortis, since broken up and partly nationalised, and Spain’s Santander.
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