RBS (RBS) continues its strategy of shedding non-core assets, agreeing to sell the Latin...

|By:, SA News Editor

RBS (RBS) continues its strategy of shedding non-core assets, agreeing to sell the Latin American, Caribbean and African divisions of its Coutts private banking business to RBC (RY). The operations, which manage a combined £1.5B ($2.4B) of assets, will give RBC access to rich people in fast-growing emerging markets.