Royal Bank of Scotland (RBS) +1.7% premarket on reports that Jefferies (JEF) may bid for RBS's...

|About: The Royal Bank of Scotland ... (RBS)|By:, SA News Editor

Royal Bank of Scotland (RBS) +1.7% premarket on reports that Jefferies (JEF) may bid for RBS's cash equities unit. RBS is selling Hoare Govett and its wider cash equities, equity underwriting and M&A businesses as part of a restructuring of its global banking and markets business.