Sale of Coutts International proceeding apace

Royal Bank of Scotland (RBS) is seeking offers for the international arm of its private-wealth division, Coutts International, this week.

Approximately a dozen lenders have inked privacy agreements with the still largely state-owned RBS, a person close to the matter told Bloomberg News on condition of anonymity.

The first round of offers, in a transaction which could be worth between $600-$900m (£575m), is due on about 12 December.

Shares in RBS ended the day off by 0.87% at 400p.