Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.
Royal Bank of Scotland is considering selling the international arm of its Coutts private bank as it shifts its focus to wealthy clients in the U.K.
Coutts, the international private banking and wealth management firm headquartered in London, has held the official opening of its new premises in the Dubai International Financial Centre (DIFC).
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Coutts has announced the appointment of Ian Ewart as Head of Products, Services & Marketing.
The Financial Services Authority (FSA) has fined Coutts & Company (Coutts) $10m for failings in connection with the sale of an AIG fund (the Fund).