Investors warn new RBS chief exec over break-up battle

The new chief executive of the Royal Bank of Scotland, Ross McEwan, was facing his first challenge this weekend after leading shareholders in the bank signalled they would not support breaking it up even if the Treasury insists on going ahead.

Aware of this sentiment, but conscious of the Chancellor's apparent support for a "bad bank" solution for RBS's more poorly performing assets, it is believed advisers to the Treasury are now looking at the possibility of a third option. The Sunday Telegraph understands that a number of leading minority investors have strongly signalled their displeasure at the suggestion some of the state-backed bank's more toxic assets might be sold off to the government. Those investors - who sit within the top 15 of RBS's minority investor register - said they would vote against the creation of a b...