Royal Bank of Scotland on Monday said it was considering further asset sales “not initially contemplated”, as part of the talks with the government aimed at breaking free from a state-backed asset insurance scheme. The 70% state-owned bank said it was close to an agreement in three-way negotiations between the bank, the UK Treasury and EU authorities. Alastair Darling, UK chancellor, is expected to tell parliament on Tuesday that RBS will still sign up to the bank insurance scheme but under revised terms.

This entry was posted by Gwen Robinson on Tuesday, November 3rd, 2009 at 4:57 and is filed under Capital markets, M&A. Tagged with rbs. Edit this entry.