Royal Bank of Scotland (RBS -10%) opts in to the U.K.'s asset-protection scheme, insuring £282B...

|About: The Royal Bank of Scotl... (RBS)|By:, SA News Editor

Royal Bank of Scotland (RBS -10%) opts in to the U.K.'s asset-protection scheme, insuring £282B of its illiquid loans, with the first £60B in losses borne by RBS. The government will inject another £25.5B into RBS, raising its stake to 84.4%. RBS will sell its RBS retail network in England and Wales and NatWest branches in Scotland; RBS insurance; Global Merchant Services; and its stake in RBS Sempra Commodities.