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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Finance more

Malaysia: Talks still on for sale of RBS assets

Posted on 18 May 2010

From Thestar.com.my: Talks on the proposed disposal of The Royal Bank of Scotland’s (RBS) retail and commercial (small and medium enterprise) banking businesses in Malaysia and some Asia-Pacific countries are still ongoing. global banking and markets chief executive officer for Asia Pacific John McCormick said RBS had slowed its foray in Islamic finance segment but not stopped due to internal challenges in the last few years.
However, the RBS group had not set a target for the proposed sale to materialise, he said, adding that bank would announce it in due course………………………………………Full Article: Source

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