RBS Said to Weigh Sale of Mideast Loans Amid CEO Review - Bloomberg:
"Royal Bank of Scotland Group Plc, the U.K.’s largest taxpayer-owned bank, is weighing the sale of its Middle East corporate-loan book as it review its international business, two people with knowledge of the matter said.
The bank is working with PricewaterhouseCoopers on the sale and has already contacted potential buyers, the people said, asking not to be identified as the information is private.
RBS chief executive officer Ross McEwan, 57, has been cutting back investment-banking operations and focusing on domestic customers to reverse six straight years of losses. The bank said in August that it’s considering selling the international arm of its Coutts private bank to focus on wealthy U.K. clients."
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