Brought to you by: 
Bank may abandon sale of insurance wing
The Royal Bank of Scotland (RBS) may abandon the sale of its insurance division after raising nearly £6 billion ($13 billion) through the sale of part of its loan book, according to British media reports.
RBS sought a buyer for its insurance units as the bank sought to improve liquidity following the £56 billion ($120 billion) takeover last year of Dutch rival ABN Amro.
A series of potential buyers have since pulled out of proceedings, suggesting the bank has looked to alternative sources of funds.
More articles like this
- AIG bailout package upped to $US150 billion »
- … as it records a record loss »
- Zurich profit plummets »
- Bank drags Allianz down »
- Hurricanes batter Liberty Mutual earnings »
- UK seeks future vision for insurance »
- Verdict out on insurance comparison websites »
- ING achieves an unwanted ‘first’ »
- Canadians pounce on AIG and its directors »
- Buffett set to buy Dexia’s bond insurance unit »
Total News Read
Print all this week's articles to read when it suits you! Show me now »
This week's most popular
- Industry anger as NSW adds another levy »
- Sydney insurance broker banned »
- Strong lashes out at QBE ‘shotgun’ »
- Wesfarmers still on the takeover trail »
- AIG Australia’s profits up while US parent falters »
- IAG eyes growth markets »
- Bank drags Allianz down »
- Zurich profit plummets »
- Senate wants home warranty insurance beefed up »
- Business is booming at Ebix »
