British government officials and the Financial Services Authority are pressuring RBS (RBS) to...

|By:, SA News Editor

British government officials and the Financial Services Authority are pressuring RBS (RBS) to sell its RBS Citizens unit in the U.S. as part of a strategy of refocusing on the U.K. and increasing the bank's cash reserves, the WSJ reports. However, RBS management, led by CEO Stephen Hester, don't want to sell Citizens, which analysts estimate could be worth £6.6B.