China Development Bank, Wells Fargo (WFC) and Sumitomo reportedly are the remaining bidders in...

|By:, SA News Editor

China Development Bank, Wells Fargo (WFC) and Sumitomo reportedly are the remaining bidders in the auction for Royal Bank of Scotland’s (RBS) massive aircraft leasing business, with bids ranging from $7B-$8B. RBS is selling non-core assets as one of the conditions of its government bailout. RBS +4.5% premarket.