The Royal Bank of Scotland (RBS) has delayed sending out tender documents for its UK legal panel as the bank looks set to push back a review that is expected to slim down its nearly 60-strong roster.

It is understood that the bank had planned to kick off the review process in the first quarter of this year with a submission deadline pencilled for the end of June, but now it may not contact firms until after the summer or as late as early next year.

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