RBS push on with branch sale

Part-nationalised Royal Bank of Scotland is pushing ahead with the sale of over 300 of its branches and is expected to provide a detailed prospectus for buyers this month. At least six private equity and banking suitors have examined the assets closely and at least three of those have expressed an interest in the branches. The deal would hand any buyer a foothold in Britain's competitive business banking market. The bank and its advisors are drawing up an information memorandum, due to be sent to suitors later this month.