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Rbs To Relaunch Historic Williams & Glyn's Brand After 24 Year Absence

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http://business.timesonline.co.uk/tol/busi...icle6832279.ece

The Royal Bank of Scotland is working on plans to resurrect a brand that disappeared from the high street 24 years ago as part of its response to a European state aid probe.

Williams & Glyn’s, which had 330 branches mostly in northwest England at the time of its demise, could be put up for sale by RBS to reduce its market share in retail and commercial banking.

Though the brand disappeared as part of a marketing exercise to push the RBS name into England, it still exists as a separate legal entity that files accounts at Companies House.

Stephen Hester, RBS chief executive, under pressure to give up some of the bank’s market share, is examining plans to transfer some of its branches and customers to Williams & Glyn’s.

The move would support the European Commission’s objective of creating a new competitor in British banking. Neelie Kroes, competition commissioner, is trying to force RBS and Lloyds Banking Group to sell parts of their businesses as a punishment for receiving state aid.

Lloyds has abandoned plans to close down Cheltenham & Gloucester so it can put the business up for sale. RBS operates fewer brands than Lloyds in its retail banking business, making it harder for Hester to find a clear entity that he can put up for sale.

Kroes is concerned about the bank’s share of small-business banking, and its dominance of marginal areas such as leasing finance.

Brussels officials have proposed that RBS and Lloyds be forced to carve out parts of their business and merge them into a new entity. Officials have proposed that Lloyds give up Halifax.

I bet that Lloyds love the idea of ditching the Halifax.

Williams and Glyn's to be a good bank or bad bank? I wonder what quality assets will get transfered out and how would they do that, send a ballot around RBS customers?

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There's a fairly significant property related legal case involving Williams & Glyns bank. Although I forget what it was about, possession and sale by a lender I think.

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http://business.timesonline.co.uk/tol/busi...icle6832279.ece

Williams and Glyn's to be a good bank or bad bank? I wonder what quality assets will get transfered out and how would they do that, send a ballot around RBS customers?

Preparation for avoidance of negative interest on RBS reserves @BOE above 2% of liabilities/assets ratio.

Customer deposits (liabilities) will be transferred to W&G, mortgages (assets) will stay with RBS.

End result: reserves / (assets - liabilities) < 2%, job done! :P

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http://business.timesonline.co.uk/tol/busi...icle6832279.ece

I bet that Lloyds love the idea of ditching the Halifax.

Williams and Glyn's to be a good bank or bad bank? I wonder what quality assets will get transfered out and how would they do that, send a ballot around RBS customers?

I guess people who's accounts are at ex Williams & Glynn branches would be transferred.

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http://www.telegraph.co.uk/news/newstopics...ie-release.html

They all know after the Lockerbie decision and the Fact we have a complete misfit as PM who is Scottish that in marketing terms having the word Scottish or using the word Scottish in market campaigns is toxic.

Even the Scottish Football team are going to be know as Alba in future.

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