RBS to sell more of Citizens Bank
RBS EXPECTS to sell an extra $400m (£269m) of shares in its US bank Citizens, yesterday hiking the size of the sale on strong demand.
It had planned to sell a 24.7 per cent stake, worth $3.2bn. But in fact it is selling an additional 15 per cent, taking the total sale up to 39.7 per cent of the bank and taking its holding down to 41.9 per cent.
RBS has promised to sell Citizens completely by the end of 2016, as part of its plan to focus on the UK.