July 3, 2013 / 2:46 PM / in 4 years

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.

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