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Royal Bank of Scotland mulls a revival of Williams &Glyn’s brand
STATE-SUPPORTED Royal Bank of Scotland (RBS) is considering relaunching the Williams &Glyn’s high-street banking name, with an eye to putting a swathe of its retail bank branches up for sale, it has emerged.
The bank could rebrand hundreds of branches to the old name, which was dropped after RBSbought the NatWest chain of high-street banks, to create a unit that could be sold off.
RBSis scrambling to raise money to rebuild its battered balance sheet after falling under state control in the recession.