Published by Oliver Haill on 13th September 2015
(ShareCast News) - Royal Bank of Scotland will begin marketing the initial public offer of its Williams & Glyn spin-off later this year ahead of a flotation expected in the second half of 2016. The Sunday Telegraph reported that, with Bank of America Merrill Lynch advising the lender on the process, RBS will face costs that will wipe out the £1.5bn it is expected to generate from the sale.