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zigzagman

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zigzagman

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Saturday, 02/21/2009 4:30:24 PM

Saturday, February 21, 2009 4:30:24 PM

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RBS prepares sale of Asian assets

By Sundeep Tucker in Hong Kong

Published: February 20 2009 12:08 | Last updated: February 20 2009 16:51

Royal Bank of Scotland has hired financial advisers to assist in the sale of its Asian assets, the clearest sign to date that the stricken UK bank is planning to cull some of its international operations.

People familiar with the situation said the UK bank has chosen Morgan Stanley to advise it following a “beauty parade” of investment banks this week.

http://www.ft.com/cms/s/7534f8ac-ff45-11dd-b3f8-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F7534f8ac-ff45-11dd-b3f8-000077b07658.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.bloomberg.com%2F%3Fb%3D0&nclick_check=1

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