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RBS (RBS) will reportedly unveil plans on Thursday, along with its FY results, to float its...

Sunday, February 24, 2:59 AM ET
RBS (RBS) will reportedly unveil plans on Thursday, along with its FY results, to float its Citizens U.S. retail bank. While an IPO could eventually bring in £8B, RBS will initially sell just 25%. The move is part of RBS's response to political and regulatory pressure to boost its balance sheet and increase its U.K. focus. RBS also intends to continue reducing its investment bank ops, including slashing the size of its balance sheet by £20-30B.

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This news story has 2 comments:

Mike Maher Comments (1875)

Will be interesting to see where this prices, its a quality brand

24 Feb, 04:25 AM Reply Like

7footMoose Comments (2242)

Who would buy this and why? The same inept European bank will continue to control this US Sub with even less incentive to reward shareholders once they have repatriated the cash proceeds. The fundamentals of banking have not gotten markedly better.

25 Feb, 07:41 AM Reply Like

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