Royal Bank of Scotland (RBS) has received takeover bids from UK and European banks for its Williams & Glyn banking arm, which could be valued at £1.5bn, as reports suggest that RBS is considering options of selling the consumer operation instead of floating it next year. Royal Bank of Scotland Group PLC has received interest from bidders for its Williams & Glyn UK retail bank and is considering an outright sale in place of a stock market flotation, Bloomberg reported on Monday, citing two people with knowledge of the plans. The Financial Times reported on Tuesday morning that RBS, in a letter to shareholders dated last week, said it was looking into “strategic options” after being approached by several potential buyers over the past few
Royal Bank of Scotland (RBS) has received takeover bids from UK and European banks for its Williams & Glyn banking arm, which could be valued at £1.5bn, as reports suggest that RBS is considering options of selling the consumer operation instead of floating it next year. The Financial Times reported on Tuesday morning that RBS, in a letter to shareholders dated last week, said it was looking into “strategic options” after being approached by several potential buyers over the past few