RBS lines up buyers after delivering bad news
Royal Bank of Scotland has signed non-disclosure agreements with around 20 potential buyers of the businesses it is planning to sell off, said a senior banker on Thursday, after the bank announced that it was cutting its equity capital markets, M&A, cash equities and corporate broking divisions.
RBS announced at 3pm on Thursday (Hong Kong time) that it is going to sell or close the four businesses. The divisions are likely to be sold separately rather than as a single unit, and could be sold on a country-by-country basis.
Bankers in Asia were
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