Clydesdale Bank has made an offer for 300 RBS branches that must be sold to meet the terms of RBS's government bailout, The Guardian reports. The branches were to be rebranded Williams & Glyn and sold by the end of next year but RBS has had trouble finding a buyer. The branch network has 5000 staff and a two per cent share of the UK savings account market. The People's Bank of China is widening its regulatory coverage to include wealth management products sold by Chinese banks and not counted on the balance sheets, CNBC reports. The move is another step in the PBOC's efforts to control rising leverage in the country's financial system. The new rule will require banks to reserve more capital. Money raised through the sale of off-balance sheet wealth management products is a source of funds for the Chinese bond market.