Interesting, but brief article in Citywire, highlighting a possible industry disruption from established UK Fund Managers:
A consortium of fund groups have offered the Royal Bank of Scotland (RBS) £1 billion for the 316-branch network it is looking to offload on condition of a quick sale.
The consortium, which includes Schroders, Invesco Perpetual and Threadneedle, is promising the payment could be made this summer, as the bank battles to conclude a sale by a European Commission-imposed deadline of the end of the year.
Source: Citywire. Read full article here.
