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RBS (NYSE:RBS) is reportedly close to a preliminary agreement to sell its Asian assets to CIMB...

Mar. 01, 2012 3:28 AM ETNatWest Group plc (NWG) StockNWGBy: Rachael Granby, SA News Editor
RBS (NYSE:RBS) is reportedly close to a preliminary agreement to sell its Asian assets to CIMB Group Holdings, a Malaysian bank. CIMB confirmed earlier this week that it's in talks with RBS. Sources say a memorandum of agreement will be announced soon, with a finalized deal still several weeks away.

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