25th Feb 2015 11:45
LONDON (Alliance News) - Royal Bank of Scotland Group PLC is looking to cut the number of countries in which operates by two-thirds to 13, Bloomberg reported on Wednesday.
According to the report, which cited a person with knowledge of the matter, the state-backed lender's board will meet on Wednesday to approve the plan before it is outlined on Thursday.
RBS is to publish annual results for 2014 on Thursday.
RBS shares are down 0.8% at 400.50 pence on Wednesday.
http://www.bloomberg.com/news/articles/2015-02-25/rbs-said-to-plan-cutting-footprint-to-13-nations-in-bank-revamp
By Samuel Agini; [email protected]; @samuelagini
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