Banco Santander To Bid For RBS Branches

Banco Santander STD, Europe's largest bank by assets, said it will offer between $2.2 billion and $2.7 billion for 300 Royal Bank of Scotland RBS branches. Press reports are saying Spain's Santander is the only bidder for RBS branches in England and Wales and its NatWest offices in Scotland. RBS did not comment on the news, but added another bidder could come along. The bank has until 2013 to sell the branches.