Bank in €8.5bn US deal

Royal Bank of Scotland is set to generate one quarter of its profits from the United States after agreeing a £5.8bn (€8.5bn) acquisition last night.

Wed, 05 May, 2004 - 09:11

Royal Bank of Scotland is set to generate one quarter of its profits from the United States after agreeing a £5.8bn (€8.5bn) acquisition last night.

The deal for Charter One Financial was struck through the group’s US subsidiary Citizens, the second largest bank in New England.

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CourtsBusinessHeathrowPlace: USPlace: United StatesPlace: New EnglandPlace: EdinburghPlace: Cleveland, OhioPlace: ChicagoPlace: DetroitPlace: ClevelandPerson: Fred GoodwinOrganisation: Royal Bank of ScotlandOrganisation: Charter One FinancialOrganisation: CitizensOrganisation: RBSOrganisation: Charter OneOrganisation: NatWest
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