Santander able to bid for RBS assets

Spanish bank Santander has been cleared to bid for Royal Bank of Scotland&rsquo;s business-focused branches when the bank&rsquo;s assets are divested under plans being drawn up.<br /><br />Competition rules agreed between London and Brussels will ensure that no purchase of the assets will push the buyer&rsquo;s market share in the specific market past 15 per cent.<br /><br />This means that Santander, with less than eight per cent of the UK small business lending market, will be able to bid for some of RBS&rsquo;s 312 business-focused branches.<br /><br />But the Spanish owner of Abbey, Bradford &amp; Bingley and Alliance &amp; Leicester will be limited to bidding for only a few of RBS and Lloyds Banking Group&rsquo;s retail branches, as it already has a 14 per cent share of that market.<br />