RBS to sell more of its stake in Citizens bank
March 24 , 2015
The Royal Bank of Scotland (RBS) will sell more stake in the American bank Citizens, media reports said.
The share sale to the tune of $3.3 billion means the state-owned British bank will own less than 50% of Citizens.
The move is part of the RBS strategy to focus on its retail business at home and cut its foreign footprint.