RBS's (RBS) insurance business has dropped the bank's name and rebranded itself Direct Line...

|By:, SA News Editor

RBS's (RBS) insurance business has dropped the bank's name and rebranded itself Direct Line Group, a move interpreted as a step towards carrying out an expected £4B-£5B IPO later this year. RBS has to divest the ops as part of its bail-out in 2008, and is open to a sale as well as a listing.