RBS decision imminent, says Osborne

Source BBC News@ tienganhvui.com

19 October 2013 Last updated at 02:17 ET

The chancellor said RBS was "a complex bank"

George Osborne expects to make a decision about how to break up the state-controlled Royal Bank of Scotland (RBS) in "the next two or three weeks", he has told the Daily Telegraph.

He said the government - which owns 81% of RBS - was considering hiving off weaker parts into a "bad bank".

The decision was "top of my in-tray", the chancellor told the Telegraph.

Meanwhile, chief executive Ross McEwan has told staff not to be distracted by speculation on the bank's future.

RBS was bailed out for £45bn in 2008 at the height of the financial crisis.

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