UK appoints Rothschild to advise on possible RBS break-up
LONDON, July 3 (Reuters) - Britain's finance ministry has appointed Rothschild to advise on the potential break-up of part-nationalised Royal Bank of Scotland.
The Treasury said on Wednesday Rothschild would provide financial advice on the case for transferring RBS's remaining toxic 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 those specialising in asset valuation, would be appointed in the coming weeks.