RBSI rumours continue
Market gossip about the sale of the Royal Bank of Scotland’s insurance brands has reared its head again for what must be the millionth time in the past two years. Except this time it’s a bit different, writes Charlie Thomas, reporter, Professional Broking.
An unusually high number of sources claim that the deal is all but done with one insurer, though without it being confirmed by any of the interested parties, a reputable publication like PB is unable to name the supposed buyer.
The public declaration by Sir Fred Goodwin that RBS needs to raise £12bn in its latest rights issue means that despite the current economic climate, the RBS board won’t be accepting a low offer for the business. Current estimates place the value of RBS Insurance between
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