Royal Bank of Scotland seeks Middle East investors

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The chairman of the Royal Bank of Scotland has embarked on a tour of the Middle East to meet with potential investors once his bank undergoes re-privatization.  The bank was famously taken over by the UK government in 2009 after posting losses of 24.9 billion pounds.  Once the largest bank in the world by listed assets, RBS is off-loading many assets in an effort to stabilize and attract investment.

The chairman is hoping to attract both private and public sector investors.  Qatar has indicated interest in acquiring a stake in RBS, along with another government-run bank, Lloyds Banking Group.  Neither company can move towards privatization until the government concludes a report by the Independent Commission on Banking on regulatory and standards changes in the UK banking system.

 

 

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Reading Time: 1 minute

The chairman of the Royal Bank of Scotland has embarked on a tour of the Middle East to meet with potential investors once his bank undergoes re-privatization.  The bank was famously taken over by the UK government in 2009 after posting losses of 24.9 billion pounds.  Once the largest bank in the world by listed assets, RBS is off-loading many assets in an effort to stabilize and attract investment.

Reading Time: 1 minute

The chairman of the Royal Bank of Scotland has embarked on a tour of the Middle East to meet with potential investors once his bank undergoes re-privatization.  The bank was famously taken over by the UK government in 2009 after posting losses of 24.9 billion pounds.  Once the largest bank in the world by listed assets, RBS is off-loading many assets in an effort to stabilize and attract investment.

The chairman is hoping to attract both private and public sector investors.  Qatar has indicated interest in acquiring a stake in RBS, along with another government-run bank, Lloyds Banking Group.  Neither company can move towards privatization until the government concludes a report by the Independent Commission on Banking on regulatory and standards changes in the UK banking system.

 

 

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