RBS raises prospect of insurance sale with latest loss announcement
Royal Bank of Scotland group chief executive officer Stephen Hester today said the government's support will allow it to "continue its strategic restructuring purposefully". It added it will report for full year 2008 an attributable loss, before exceptional goodwill impairments, of between £7.0bn and £8.0bn.
One of the assetts RBS has been looking to sell is its insurance business consisting of market leading brands such as Direct Line and Churchill. And whilst RBSI chief executive officer Chris Sullivan
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