Goldman Sachs to advise on RBS and Lloyds sell-off
by Jill Treanor from on (#BTS7)
Wall Street firm appointed after George Osborne's announcement of plan to sell shares in bailed-out Royal Bank of Scotland at a loss
Goldman Sachs is to play a key role in selling off the taxpayer stakes in Royal Bank of Scotland and Lloyds Banking Group.
The Wall Street bank is replacing US rival JP Morgan in advising UK Financial Investments, the body which looks after the taxpayer stakes in the bailed-out banks.
Related: The Guardian view on the RBS sell-off: a bad deal all round | Editorial
Continue reading...