RBS insurance spin off could enter FTSE 100

Royal Bank of Scotland's insurance business has been renamed Direct Line Group ahead of a possible initial public offering (IPO).

Royal Bank of Scotland's insurance business has been renamed Direct Line Group ahead of a possible initial public offering (IPO).

The sale was forced on RBS by the European Competition Commission in exchange for allowing the British tax payer to fund the bank's £45bn bailout between 2008 and 2009.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.