Deals
RBS May Seek More Time to Sell Branches as Santander Walks
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Banco Santander SA’s decision to abandon its 1.7 billion-pound ($2.7 billion) purchase of 316 Royal Bank of Scotland Group Plc branches may prompt the U.K. lender to keep them or seek more time to find a new buyer.
RBS, Britain’s biggest government-owned bank, had been required to sell the outlets by 2014 to comply with a European Union state-aid rules after receiving the biggest banking bailout in the world in 2008.