British Bank Likely to Scrap Sale of Insurance Unit DEALTALK

Royal Bank of Scotland looks increasingly likely to shelve plans to sell its insurance arm and turn instead to smaller deals to strengthen its capital base. RBS announced plans in April to sell RBS Insurance, the largest car insurer in Britain. But trading conditions have deteriorated and the top prospects have pulled out, leaving the bank with the unpalatable prospect of selling an attractive asset at a steep discount to its target price of about pound(s)7 billion, or $14 billion.....

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