Bloomberg News reports the bank is also examining options including joint ventures or merging Coutts International, it said in a memo to employees. An internal review of RBS high-net-worth operations recommended to 'substantially increase' efforts to expand the U.K. business, which counts Queen Elizabeth II among its customers.
CEO Ross McEwan, 57, is cutting back investment-banking operations and focusing on domestic customers after the company received the biggest bank bailout in the world. RBS, which is 80 percent owned by the government, also plans to sell its Citizens U.S. consumer bank in an initial public offering this year.
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