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A logo from a Royal Bank of Scotland (RBS) branch is seen reflected in a window in the City of London March 6, 2013. The head of the Bank of England called on the government to break up RBS so the state-backed lender can return to health and be sold to the private sector. RBS needs to split off the bad assets on its books and build up capital at the remaining "good bank" so it can lend more, Mervyn King said on Wednesday, just weeks before the Bank becomes Britain's banking regulator. (Toby Melville/Reuters)
CARL MORTISHED
Should RBS be broken up? Or are giant banks doomed anyway?
CARL MORTISHED
LONDON — The Globe and Mail
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The governor of the Bank of England said on Wednesday that RBS did not make any sense and should be broken up. Only hours later the bank’s U.K. customers were swearing at ATMs when their requests for cash were refused.
