RBS to sell off assets
An announcement is set to be made by the end of the this week
The Royal Bank of Scotland (RBS) has admitted it is set to sell off assets "not initially contemplated" as part of negotiations with the European Commission (EC).
It follows speculation that these disposals could include its insurance operations Direct Line, Churchill and NIG.
In a statement, RBS said: “RBS believes it is close to agreement with HM Treasury with respect to its proposed participation in the Asset Protection Scheme (APS). RBS expects the agreement on the APS to reflect market
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