LONDON Nov 11 Royal Bank of Scotland is
in talks to sell a shipping loan worth close to $800 million as
part of moves to scale down exposure to the seaborne industry,
sources familiar with matter said on Monday.
The sources said RBS was looking to sell its outstanding
loan in U.S.-headquartered dry bulk group Eagle Bulk Shipping
. RBS declined to comment. Eagle Bulk was not
immediately available for comment.
RBS, 81 percent owned by the UK taxpayer, is one of several
European banks trying to slash their shipping loans as they cut
their balance sheets to become less risky, and tougher
regulations require them to hold more capital, making loans less