RBS said to be seeking Coutts bids as early as this week
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London
ROYAL Bank of Scotland Group plc (RBS) is seeking offers for its international private bank as soon as this week, according to a person with knowledge of the matter.
About a dozen potential bidders for Coutts International have signed privacy agreements with Britain's largest taxpayer-owned lender, said the person, who asked not to be identified because the details are confidential. First-round offers are due around Dec 12 and the unit could fetch US$600-900 million, the person added. An RBS spokesman declined to comment.
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