31st Jul 2018 15:41
LONDON (Alliance News) - Royal Bank of Scotland Group PLC on Tuesday said that its plan for a ring-fencing transfer scheme has been approved by the Court of Session in Scotland.
This will be the bank's second ring-fencing scheme. RBS will transfer the foreign exchange derivatives and customer interest rate of National Westminster Bank PLC, largely known as NatWest Bank, to NatWest Markets PLC. The scheme will commence on August 13.
Shares in RBS were up 1.5% at 257.20 pence on Tuesday afternoon.
Related Shares:
RBS.L