LONDON (Reuters) - Britain's finance ministry has appointed BlackRock to advise on whether it should break up part-nationalized Royal Bank of Scotland
BlackRock will provide specialist advice on RBS assets and joins investment bank Rothschild
Finance minister George Osborne said in June that Britain would examine whether to split the bank, in which it owns an 81 percent stake, hiving off its remaining toxic loans into a so-called 'bad bank'. Supporters of the proposal say that would leave the 'good bank' better placed to lend and help stimulate Britain's economy.
(Reporting by Matt Scuffham; Editing by Keith Weir)