More on RBS/Santander: The £1.65B sale of the branches was initially announced in August...

|By:, SA News Editor

More on RBS/Santander: The £1.65B sale of the branches was initially announced in August 2010 and expected to close by the end of 2011. It had been ordered by the European Commission after RBS was bailed out by the U.K. government. A "major blow" is how ITV's Laura Kuenssberg's source within RBS is describing the collapse.