RBS sells off private bank

? Royal Bank of Scotland (RBS) agreed to sell its Coutts International private bank to Switzerland’s Union Bancaire Privee (UBP), last week, as the firm became the latest foreign bank to retreat from the Swiss wealth market.

13th April, 2015

Neither RBS, which is the biggest British state-owned bank, nor UBP

disclosed the deal’s terms, which may depend on how many client assets

are transferred.

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