Alistair Darling: RBS was 'a couple of hours' from collapse

Shadow chancellor Alistair Darling has described how RBS was "a couple of hours" from collapse at the peak of the financial crisis. Speaking to Today presenter James Naughtie, he described a "frenzied conversation" with a senior RBS executive, asking him "what are you going to do?"

"Happily we did have a plan, and we stopped the bank from closing," he said.

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