Advertisement
UK markets closed

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • FTSE 250

    19,601.98
    -117.39 (-0.60%)
     

  • AIM

    753.12
    -1.57 (-0.21%)
     

  • GBP/EUR

    1.1654
    +0.0009 (+0.08%)
     

  • GBP/USD

    1.2495
    +0.0032 (+0.26%)
     

  • Bitcoin GBP

    51,410.04
    -414.77 (-0.80%)
     

  • CMC Crypto 200

    1,381.80
    -0.77 (-0.06%)
     

  • S&P 500

    5,020.14
    -51.49 (-1.02%)
     

  • DOW

    37,917.25
    -543.67 (-1.41%)
     

  • CRUDE OIL

    82.46
    -0.35 (-0.42%)
     

  • GOLD FUTURES

    2,341.60
    +3.20 (+0.14%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • CAC 40

    8,016.65
    -75.21 (-0.93%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

RBS holds talks with Sumitomo over Citizens sale -WSJ

Reuters - UK Focus

LONDON, March 24 (Reuters) - Royal Bank of Scotland (LSE: RBS.L - news) has held preliminary talks to sell its U.S. retail business Citizens (NYSE: CIA - news) to Sumitomo Mitsui , the Wall Street Journal reported on Monday citing people familiar with the discussions.

The Wall Street Journal said that talks between Japan's second-largest bank and RBS, which is 81-percent owned by the British government, were at an early, informal stage and might not progress further. It said some people said the odds on a deal being completed were less than 50 percent.

RBS said last November that it would speed up a planned stock market flotation of Citizens, aiming to start the process in the second half of 2014 and to fully sell the business by the end of 2016. It said on Monday that remained its plan.

Sumitomo (Frankfurt: SUMA.F - news) declined to comment.

(Reporting by Matt Scuffham; Editing by Steve Slater)