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Hedge funds that shorted banks ‘in talks to back £1bn RBS bid’

The Telegraph – Two hedge funds that made millions of pounds shorting UK bank shares during the financial crisis are in talks to back a £1bn bid for more than 300 RBS branches, according to reports.

GLG, part of Man Group, and Lansdowne are believed to be among more than 20 companies interested in making an offer for the 316-strong network.

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