Glasgow headquartered Clydesdale Bank has offered to buy 300 branches of Royal Bank of Scotland, which the bank is expected to sell by 2017 as part of the agreement it has with the government while securing funds for a bailout. The branches, once sold, are to be rebranded as Williams & Glyn. There have been doubts whether RBS would be able to sell them as per deadline and the bank’s CEO Ross McEwan had actually warned that he may not be able to accomplish the task. These branches comprise branches of RBS in England and Wales and NatWest in Scotland. Clydesdale Bank was formerly owned by National Australia Bank. It floated on the London Stock Exchange earlier this year. National Australia Bank still holds majority shares in the bank.
