Royal Bank of Scotland is reported to be creating a separate entity for its Williams & Glyn business and overhauling its cash machine network. It is installing new ATMs in about 300 of the branches that are being hived off to create Williams & Glyn, the challenger bank that it must divest by the end of 2017 under EU rules for banks that received state aid in the financial crisis. Williams & Glyn is being formed from RBS branches in England and Wales, and a small number of NatWest outlets in Scotland. RBS said the process of removing the existing cash dispensers to install new ATMs operated by a third party is under way and will be completed by the end of June. It will not affect NatWest branches in England and Wales, or other parts of RBS group. The transition is occurring in the days before and after the EU referendum. Consultants have said that some banks are delaying technology changes to ensure operations – especially customer-facing services – run smoothly around the time of the vote.