RBS to drop Direct Line and Churchill auction

Published August 17th, 2008


The Royal Bank of Scotland is close to abandoning the auction of its Direct Line and Churchill insurance empire after raising close to £6 billion from the markets. Coupled with the £1 billion sale of its 50% stake in Tesco Personal Finance and the disposal of Angel Trains, RBS’s finance state has improved.





Related Articles
RBS May Auction Off Direct Line and Churchill
Ping An Drops Out Of Auction For Royal Bank of Scotland Insurance
Yahoo shares fall following earnings drop
Merrill Lynch Shares Drop
Air One renews interest in Alitalia after auction failure