RBS abandons insurance division sale

Royal Bank of Scotland today abandoned plans to sell its insurance arm, which includes the Direct Line, Churchill and Privilege brands.

RBS abandons insurance division sale
Thu, 05 Feb, 2009 - 14:41

Royal Bank of Scotland today abandoned plans to sell its insurance arm, which includes the Direct Line, Churchill and Privilege brands.

RBS put the division up for sale in April last year ago when it unveiled plans for a £12bn (€13.72bn) cash call on its shareholders to shore up its finances.

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