TITLE

RBS Woes Renew Talk of US Asset Sale

AUTHOR(S)
K. K. H.
PUB. DATE
December 2008
SOURCE
Mergers & Acquisitions Report;12/8/2008, Vol. 21 Issue 47, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the possible sale of noncore assets of the Royal Bank of Scotland Group. The British government was able to acquire a $23 billion stake, or 58% of RBS during the first week of December 2008. Analysts say that British regulators may require RBS to shed noncore assets, and its Citizens Financial Group in Providence, Rhode Island, would be the logical choice. RBS has already dispensed parts of its U.S. operations by agreeing to sell 65 Indiana branches to Old National Bancorp and 18 branches in New York to Community Bank System Inc.
ACCESSION #
35600922

 

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