BoE's King urges RBS division into good and bad banks

Mervyn King, governor of the Bank of England, told the Parliamentary Commission on Banking Standards that Royal Bank of Scotland should be split up into a good bank and a bad bank. The restructuring would be part of an effort to return RBS to private ownership. "We're 4½ years on, and there's no sign of it going back to the private sector," King said. "That indicates we've not been sufficiently decisive in recapitalising or restructuring it."

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