Friday, January 8, 2010

RBS to sell assets


Royal Bank of Scotland (RBS)

RBS to sell assets
08-01-2010

Royal Bank of Scotland has agreed to sell assets to Aberdeen Asset Management for almost 85 million pounds.

It said that subject to regulatory approval, the deal is expected to be completed in the first quarter of the year.

RBS is 84-percent owned by the government after receiving a massive bailout from it during the global financial crisis.