LONDON Aug 11 British lender Royal Bank of
Scotland is considering selling the international arm of
its private bank, Coutts, as it focuses more on domestic
lending, it told staff on Monday.
"We will now work with local management teams to explore
options including merging the remainder of the current Coutts
International business, considering joint ventures or a sale,
thereby reducing RBS's footprint internationally," the bank said
in an internal memo seen by Reuters.
The bank said an internal review had recommended the bank
increase its focus on growing its high net worth businesses
Reuters earlier reported RBS was planning to sell the
private bank's international arm.
(Reporting by Matt Scuffham; Editing by Steve Slater)