News Column

Bank to switch focus to home

August 12, 2014

LONDON: British lender Royal Bank of Scotland was considering selling the international arm of its private bank, Coutts, as it focused more on domestic lending, it told staff yesterday.

The bank said it would explore merging the remainder of the |current Coutts International |business, considering joint |ventures or a sale.

It was recommended that the bank grow its high net-worth businesses in Britain.

Cape Argus

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Source: Cape Argus (South Africa)

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