Unable to find a buyer for its M&A business, RBS is winding the unit - which raked in $426M...

|By:, SA News Editor

Unable to find a buyer for its M&A business, RBS is winding the unit - which raked in $426M in fees 6 years ago - down. The firm - mostly state-owned - a year ago abandoned plans to become a player in investment banking, and instead is focused on being the best bank it can be.