Your email address is safe with us. View our Privacy policy.
RBS says it may sell unexpected assets
The bank said Monday that it was considering "some divestments not initially contemplated," The Times of London reported.
In a statement, the bank said, "it remains RBS's goal that any required divestments do not threaten its recovery plan, which is already under way."
The European Union's Competition Commissioner Neelie Kroes is pushing the bank, which has been given $32 billion in bailout funds, to sell its 1,480 branch Citizens Financial Group, which gives it a significant retail bank presence in the United States.
In addition, Kroes is pushing RBS to sell its insurance businesses and the National Westminster Bank.
The Times said Chancellor of the Exchequer Alistair Darling is expected to make public Tuesday what assets RBS must sell.
Copyright 2009 by United Press International
This news arrived on: 11/02/2009
Printer Friendly Version | Send this page to a friend | Post Comment
Rate This Story:
Great - 5 - 4 - 3 - 2 - 1 - Bad
Posted Comments:
11-03-2009 13:16
DAVE wrote:
RBS/NATWEST
This is excellent news and is probably the gateway for the British financial systems to foward their recovery. Hopefully the joint European and American actions will finish this duff bank off once and for all and the backward British government that ileagaly used tax payers money to support it in the first place.
Hopefully the british account holders at RBS/Natwest will see the light and speed up its demise by withdrawing and transfering their money elssware a.s.a.p. Come on the Blues this is your chance to score some points, make darling call in their debt and remove them from every high street, just like Woolworths. On that thought at least Woolworths sold some useful things and didnt rip people off.
Hopefully the british account holders at RBS/Natwest will see the light and speed up its demise by withdrawing and transfering their money elssware a.s.a.p. Come on the Blues this is your chance to score some points, make darling call in their debt and remove them from every high street, just like Woolworths. On that thought at least Woolworths sold some useful things and didnt rip people off.
Comment archive | Comment FAQ's
 |
 |
View UK News ezine stories by date or visit the complete archive |
The ArcaMax Politics channel is one of 70 content categories offered by ArcaMax Publishing on this ... |
VideoSquares.com
