Royal Bank of Scotland is considering selling its £2bn stake in Bank of China amid a scramble by foreign investors in mainland Chinese banks to cash in their lucrative holdings. Stephen Hester, recently appointed RBS chief executive after the bank was rescued by the UK government, visited Beijing this week where he met BoC executives and regulators and flagged a possible divestment of its 4.3% stake. However, RBS has not yet made a final decision, according to people familiar with the situation.

This entry was posted by Gwen Robinson on Thursday, January 8th, 2009 at 5:48 and is filed under Capital markets. Tagged with bank of china, rbs. Edit this entry.