Sky News: RBS to Auction Lombard Leasing Assets

Sky News reported that the Royal Bank of Scotland has enlisted KPMG to auction the offshore assets of its Lombard asset finance group in a sale expected to deliver £200 million ($265.4 million).

According to Sky News, the sale was prompted by new regulations aimed at dismantling the UK’s largest banks.

Sky News indicated that analysts expect Investec and Secure Trust Bank to show an interest in the Lombard sale.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.