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"
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.