Bank of Cyprus weighing float

 
Oliver Smith
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THE FORMER boss of Royal Bank of Scotland’s investment banking arm, John Hourican, is reported to be considering a London float for the Bank of Cyprus Group, of which he is chief executive.

The float, if it goes ahead, is unlikely to happen for at least 12 months, according to Sky News reports.

In March Hourican, who quit RBS last year following its settlement with financial regulators, said he had appointed HSBC to advise him on the structure of the bank which he joined last year.