The condition of the bailout award may have been put in on competition grounds, to ensure that the Big Four didn’t end up with the funds long term
Oh, it makes total sense to specify that it to some degree. Given some people have rightly or wrongly said all along about RBS being a potential purchaser of Starling at some point, it could in theory end up just getting its £100m back that Starling was awarded.
I would drop my account if Starling sold to the top 5 myself.
It’s a bit of a moot point though, as RBS would have a job with the CMA if they tried to buy Starling. And the award alone would speak against it.
Just AB bigging up a minor detail in the agreement, IMO