5th Feb 2015 10:56
LONDON (Alliance News) - Royal Bank of Scotland Group PLC has "firmed up" plans to sell or wind down its Asian corporate banking business within months, according to Bloomberg News on Thursday.
The report, which cited a person familiar with the process, said an announcement about the plan is likely to come after the bank's results for 2014 are published on February 26.
Bloomberg said the plans are subject to board approval.
An RBS spokesman in London declined to comment, the report said.
http://www.bloomberg.com/news/articles/2015-02-05/rbs-said-to-firm-up-plan-to-exit-asia-corporate-banking-business
By Samuel Agini; [email protected]; @samuelagini
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