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UK appoints Rothschild to advise on possible RBS break-up

Wed, 03rd Jul 2013 14:42

LONDON, July 3 (Reuters) - Britain's finance ministry hasappointed Rothschild to advise on the potential break-up ofpart-nationalised Royal Bank of Scotland.

The Treasury said on Wednesday Rothschild would providefinancial advice on the case for transferring RBS's remainingtoxic loans into a so-called 'bad bank'. It also said Slaughter& May had been appointed to provide legal advice.

The Treasury said more external advisors, including thosespecialising in asset valuation, would be appointed in thecoming weeks.

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