Tuesday, October 21, 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:
Qatar to buy stake in Sogo's operator (10-20 13:03)
Hang Seng up at midday (10-20 12:37)
Nikkei soars 3pc by break (10-20 10:55)
European car sales accelerate in September (10-17 18:28)
Hang Seng finishes higher (10-17 16:29)
Rolls-Royce cuts forecasts on Russian sanctions (10-17 16:24)
Smartphones cut into Google profit and share price (10-17 16:20)
European stock markets rally in initial trading (10-17 15:45)
Nikkei ends at five-month low (10-17 14:12)
Hang Seng up at midday (10-17 12:30)

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.