Advertisement

RBS may float part of US retail arm Citizens

Royal Bank of Scotland may soon announce a plan to float part of its US retail arm in the next two years as a way to raise liquidity and prepare for the possibility of spinning off the entire group.

Royal Bank of Scotland may soon announce a plan to float part of its US retail arm in the next two years as a way to raise liquidity and prepare for the possibility of spinning off the entire group.

According to Financial Times, the bank will announce a plan to float between 15% and 25% of Citizens at next Thursday's earnings presentation.

Advertisement - Article continues below

The IPO (initial public offering) could allow the bank to raise £1.5-2.0bn based on its current book value of around £8.0bn.

The plan would adhere to British regulator demands for RBS to restructure faster and refocus on the UK.

The UK government owns an 82% stake of the bank, which was bailed out with £45bn of UK taxpayer funds in 2008.

SB

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

How “support” and “resistance” can help you spot trading opportunities
Sponsored

How “support” and “resistance” can help you spot trading opportunities

Technical analysis can help traders manage risk and decide where to enter and exit a trade. One simple form of technical analysis is the concept of “s…
6 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
A first-half home run for investment trusts
Sponsored

A first-half home run for investment trusts

The investment trust sector has seen some extraordinary performance in the first half of this year. Max King looks at what's behind it, and asks: is i…
7 Jul 2020