Treasury has asked the CMA to suspend work on its advice on the implications for competition of the latest proposals for the divestment by the Royal Bank of Scotland (RBS) of Williams & Glyn as a new UK retail bank. Treasury says RBS has informed it that it has received informal approaches for the Williams & Glyn business, and will now launch a trade sale process in the first half of 2016, with completion of the sale expected by the end of 2017. (Source: RBS’s Divestment of Williams & Glyn)