Chancellor George Osborne: 'RBS decision due in weeks'

A decision on the future of state-controlled Royal Bank of Scotland is due within "two or three weeks" the chancellor has said.

George Osborne told the Daily Telegraph that the government, which owns 81% of the bank, is considering breaking it up into a "good bank" and a "bad bank".

Chris Wheeler, a banking analyst at Mediobanca, says the break up will be "unhelpful" and questioned the government's latest "political interference".