According to reports, the beleaguered Royal Bank of Scotland is putting feelers out for potential buyers of its Asian businesses in a bid to shed some of its huge debt. Losses of at least £28 billion are expected to be announced on Thursday.
The bank is understood to have already discussed the sale of its Asian assets with ANZ, the Commonwealth Bank of Australia and Standard Chartered. The idea is to unpick Sir Goodwin's international expansion and focus on core UK banking activities.
Assets for sale are to include a number of retail banks, wholesale banking operations and wealth management businesses. The problems RBS face are the lack of cash-rich buyers, the plethora of other financial institutions on the market already in Asia (CitiBank, AIG and General Electric are trying to offload their Asian businesses), and the low prices currently being paid for businesses in this sector.
This bustling and profitable pub/restaurant, situated in a prime trading location, is now on the market due to the owner's retirement plans.
LEASEHOLD
This is a unique opportunity to acquire a well-established company in a niche sector with a strong commercial client base and consistent revenue streams, supported by a solid second-tier management team.
This practice, established for over 15 years, is available for sale. Practitioner would be available to assist in the transition period to ensure a smooth handover of clients.
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.