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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