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RBS Seeking to Sell IP & ED Business Unit all in Appeasement to Lawmakers

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Royal Bank of Scotland Group plc (ADR) (NYSE:RBS), which is 81 percent owned by the British government is in the process of formulating talks to sell their investor products and equity derivatives business unit. Selling the IP & ED business unit would allow the bank to provide more domestic lending to businesses and households. Suitors are unknown at the moment, but many insiders believe that the France bank BNP Paribas SA (EPA:BNP) is in the running to acquire the business unit. RBS has been unwinding its investment banking operations to meet regulatory demands and appease lawmakers who wants the bank to provide more loans to constituents. No price and timeline has been set for the divestment.