Published Date:
18 August 2008
ROYAL Bank of Scotland yesterday declined to comment on a report that it was on the verge of shelving an auction of it insurance businesses, which include Direct Line. The sale is part of an attempt to strengthen its balance sheet. However, the company has failed to attract substantial business.
Chief executive Sir Fred Goodwin reiterated at the company's recent results that the businesses are still for sale, however the company has said it will not be forced into a cut-price sale.
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Last Updated:
17 August 2008 8:48 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Royal Bank of Scotland
