Royal Bank of Scotland (RBS) down 7% after saying in a brief statement its negotiations with the...

|About: The Royal Bank of Scotl... (RBS)|By:, SA News Editor

Royal Bank of Scotland (RBS) down 7% after saying in a brief statement its negotiations with the EC are in their final stages and "will include some divestments not initially contemplated" - which may include selling its U.S.-based Citizens Financial arm. Over the weekend, RBS was rumored to have struck a deal with the U.K. that will enable it to escape the state-backed asset protection scheme within a year.