Summary
THE sale of Royal Bank of Scotland's Asian assets is progressing after reports that talks have begun with Standard Chartered.
Royal Bank, now 70per centowned by the taxpayer, is keen to divest much of its business in the region, which was largely acquired from its ill-fated purchase of ABN Amro in 2007.See the full content of this document
Extract
Standard Chartered in Talks with Rbs to Buy Asian Assets
But it does want to retain its Chinese investment banking operations....
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