RBS bidder tables £1.5bn plan

One of the bidders vying to buy 315 branches from Royal Bank of Scotland today insisted its £1.5 billion plan will pave the way for a "strong challenger bank".

W&G Investments - a consortium of well-known City names, led by former Tesco finance director Andy Higginson - tabled its formal proposal for the RBS branches after listing its shares on the Alternative Investment Market (AIM) in order to raise an initial £15 million to fund its bid.
%VIRTUAL-SkimlinksPromo%