Daily News: February 25, 2013

WSJ: RBS Plans to Float Stake in Citizens


The Wall Street Journal is reporting, according to people briefed on the matter, that Royal Bank of Scotland, 81% owned by the British government, is set to present plans next week to float up to a quarter of its Citizens’ U.S. retail business.

The Journal said RBS is expected to post a net loss when it presents full year results next week, which is expected add pressure on RBS’s management to accelerate the restructuring of the bank which was bailed out by the UK government at the height of the financial crisis.

To read the entire Wall Street Journal story, click here.