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Saturday, 18 May 2013

RBS's Citizens unit all dressed up, nowhere to go

Not natural

The U.S. bank, with its $120 bln balance sheet, is a prize asset. That should mean a bidding war if UK taxpayer-owned RBS sells it. But the need to pay cash, keep their own investors happy and satisfy watchdogs may give buyers pause. Citizens could remain foreign for a while.

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