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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 307.4 GBX | +6.07% |
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+11.10% | +40.11% |
| 05:54pm | Stocks rise despite robust US data | AN |
| 05:52pm | London Stocks Rise in Line with UK Consumer Confidence Growth | MT |
LONDON (Reuters) - British state-backed lender Royal Bank of Scotland has sold its Luxembourg-based funds business to BlackFin Capital Partners, a private equity firm that specialises in financial services.
RBS said on Tuesday it had sold its Luxembourg UCITS and alternative investment management company and funds governance business to BlackFin for an undisclosed amount. The business had 28.5 billion euros (20 billion pounds) of assets under administration at the end of 2014.
RBS said the sale is in line with its strategy to become a smaller bank mainly focussed on UK retail and corporate banking.
(Reporting by Steve Slater, editing by Sinead Cruise)
| 1st Jan change | Capi. | |
|---|---|---|
| +40.11% | 31.54B | |
| +14.18% | 555B | |
| +12.62% | 298B | |
| +8.64% | 251B | |
| +22.37% | 210B | |
| +16.11% | 173B | |
| +6.88% | 163B | |
| +4.42% | 154B | |
| -11.67% | 138B | |
| +0.26% | 138B |
NATWEST GROUP PLC 
