Thursday, October 30, 2014   

RBS to sell international arm of Coutts: report
(08-12 18:01)

State-controlled Royal Bank of Scotland is looking to sell the international operations of its private bank Coutts, which counts Queen Elizabeth II among its clients, according to reports on Tuesday.
RBS will however keep Coutts' British arm following a deal for the international unit that could be worth about 500 million pounds, the Financial Times newspaper said. The BBC put the potential proceeds at around 600 million.
A sale would be in line with RBS's strategy of scaling back its international operations following a huge bailout of the bank in the wake of the 2008 financial crisis. --AFP   
Other Business breaking news:
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)
VW confirms full-year targets after 'robust' Q3 (10-30 16:58)
Spanish economy expands by 0.5% in Q3 (10-30 16:58)
European stocks advance at open (10-30 16:57)
Hang Seng finishes lower (10-30 16:35)
Lufthansa cuts 2015 forecast on global economic slowdown (10-30 16:05)
Bayer raises forecasts for 2014 after strong Q3 (10-30 16:04)
NEC rebounds from losses on smartphone exit (10-30 15:25)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.