Five buyers interested in two of RBS's Middle East units

16th Jan 2012 09:30

Royal Bank of Scotland is in talks to sell its cash equity and mergers and acquisitions business in the Middle East as part of a global restructuring at the UK lender, two sources familiar with the matter said, Reuters is reporting. One of those sources added that the 'exit' will likely occur in the coming months and that there are close to five interested buyers for the business.As of 9:33am shares of Royal Bank of Scotland are falling by 0.21% to 24.05p. AB