AOL.com Video - Bank of England Chief Calls For RBS Break-Up

VIDEO:News

Bank of England Chief Calls For RBS Break-Up

Description:The head of the Bank of England called on the government to break up Royal Bank of Scotland so the state-backed lender can return to health and be sold to the private sector. RBS needs to split off the bad assets on its books and build up capital at the remaining "good bank" so it can lend more, Mervyn King said on Wednesday, just weeks before the Bank becomes Britain's banking regulator. (2:02)

Source: Reuters

Tags: reuters , mervyn king , royal bank of Scotland