RBS private banking arm set to be sold to Swiss firm

Swiss private bank Union Bancaire Privee (UBP) is set to buy Royal Bank of Scotland's international private banking arm Coutts International, a source familiar with the deal told Reuters on Thursday.

Reuters reports that the British bank is expected to announce the deal on Friday, the source said.

Britain's Financial Times had earlier reported UBP is expected to pay about $600m to $800m, citing two people familiar with the situation.

The source told Reuters the range reported was accurate but declined to give further details.

To access the complete Reuters article hit the link below:

UBP set to buy RBS's Coutts International

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