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Report: Failure to sell Williams & Glyn in 2016 to put RBS in 'uncharted territory,' CEO says

Royal Bank ofScotland Group Plc CEO Ross McEwan voiced concerns that the lenderwould find itself in "uncharted territory" if it fails to its Williams & Glynunit by the end of 2016, the FinancialTimes reported Sept. 27.

McEwan, who was speaking at a conference the same day,confirmed that the bank was looking at alternate options to divest the unit,after Banco Santander SAbacked out of talksto buy it over a pricing disagreement. CYBG Plc, which owns the Clydesdale and Yorkshire banks,is reportedly interestedin the Williams & Glyn business, "a person close to the plans"told the FT.

RBS, which needs to dispose of Williams & Glyn by2017-end to comply with a European Commission directive, is reportedly in talkswith the U.K. Treasury about how it could meet the directive.