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RBS planning to raise up to US$4b from US unit's IPO

Tuesday, September 9, 2014 - 06:00

[LONDON] State-backed Royal Bank of Scotland plans to raise up to US$4 billion from the share flotation of its US bank Citizens Financial Group this month, putting it on track to be the biggest US share offering by a bank this year. RBS, which is 81 per cent owned by the UK government after

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