Royal Bank of Scotland Group Plc (RBS,RBS.L) is considering a government-backed plan to give up all of its 312 RBS-branded branches in England and Wales in a move to satisfy EU Competition authorities, according to media reports.
Neelie Kroes, EU Competition Commissioner, may want to push RBS even further, reports stated. Neelie Kroes term of office expires at the end of the month, although the bank could well be in a position to present the conclusion of negotiations in the second week of November, reports added.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.