ABN units to go into bad British bank

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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