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Clydesdale bids for Williams & Glyn


Clydesdale has made a last minute bid to buy Williams & Glyn from Royal Bank of Scotland, according to the Financial Times.

Clydesdale says it has made a “preliminary non-binding proposal” for Williams & Glyn.

RBS wants to get a sale agreed in principle by the end of 2016. The firm needs to sell the 300-branch business by the end of 2017 under the terms of its bailout.

Last month Santander pulled out of the deal talks after failing to agree on a price.

The Williams & Glyn business is valued at around £1.3bn.

Williams & Glun will have 1.8 million customers, net loans and advances worth £20bn and customers deposits of £24bn.



Santander pulls out of Williams & Glyn sale

Santander has pulled out of talks with Royal Bank of Scotland to buy more than 300 Williams & Glyn branches, according to the Financial Times. The talks fell through due to RBS asking for more money than Santander were willing to pay. Interested bidders are BBVA, Secure Trust and Virgin. The network has been valued […]


Challenger bank eyes RBS spin-off Williams & Glyn

Challenger bank Secure Trust is weighing up a bid for Royal Bank of Scotland arm Williams & Glyn, according to City AM. Santander and BBVA are also tipped to bid for Williams & Glyn, which has 300 UK branches. RBS must sell Williams & Glyn by the end of 2017 under the conditions of its […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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