Retreat of RBS will take time

: Royal Bank of Scotland is retrenching to its core businesses and plans to leave as many as 36 countries, but undoing a decade of deals in the eye of a financial storm will be a long process. Retail and commercial banking businesses in Asia, particularly in India, Pakistan, Indonesia and Taiwan, are likely to find the most interest. HSBC, Standard Chartered and Australia and New Zealand Banking Group, also known as ANZ, are all considering bids for the Asian assets, according to people with direct knowledge of the matter who were not authorized to speak on the record. Yet prospective buyers, even…

Full Article