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>> ROYAL BANK OF SCOTLAND Latest News

JUL 12, 2013 - Yahoo! News

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UK appoints BlackRock as advisor on RBS review

LONDON (Reuters) - Britain's finance ministry has appointed BlackRock to advise on whether it should break up part-nationalized Royal Bank of Scotland , it said on Friday. BlackRock will provide specialist advice on RBS assets and joins investment bank Rothschild and lawyers Slaughter & May as advisers on the review, which is expected to be completed by the autumn. Finance minister George Osborne said in June that Britain would examine whether to split the bank, in which it owns an 81 percent stake, hiving off its remaining toxic loans into a so-called 'bad bank'. ...

Tags: UK appoints BlackRock as advisor on RBS review,  Royal Bank Of Scotland Latest News