'Totally inappropriate' to break up RBS, says former boss

Sir George Mathewson, the former Chief Executive of Royal Bank of Scotland (RBS), has said that it would be 'totally inappropriate' to break up the bank, responding to Business Secretary Vince Cable who has called for the lender to be split up.

Sir George Mathewson, the former Chief Executive of Royal Bank of Scotland (RBS), has said that it would be 'totally inappropriate' to break up the bank, responding to Business Secretary Vince Cable who has called for the lender to be split up.

In a leaked letter (dated February 8th), the BBC revealed yesterday that Cable has proposed turning RBS into a "British business bank" after inheriting from the previous Labour government "a banking industry structurally ill-placed to serve the needs of productive businesses."

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