Uploaded by FinancialNewsOnline on Jan 9, 2012
Bloomberg reports, citing the Times of London that due to small and irregular profits, Royal Bank of Scotland (NYSE:RBS) has plans to close its cash and equities unit.
The Times also notes that the bank hasn't found a buyer for the whole equities unit, Jeffries (NYSE:JEF), Oriel Securities and Numis Corp are interested in buying Hoare Govett, its small corporate equities broking division.
Royal Bank of Scotland is currently below its 50-day moving average (MA) of $6.70 and below its 200-day MA of $9.86.
The Times also notes that the bank hasn't found a buyer for the whole equities unit, Jeffries (NYSE:JEF), Oriel Securities and Numis Corp are interested in buying Hoare Govett, its small corporate equities broking division.
Royal Bank of Scotland is currently below its 50-day moving average (MA) of $6.70 and below its 200-day MA of $9.86.
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| LSE - RBS.L | 2:56PM | 20.32p |  0.19p |
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