By Chris Bourke London Royal Bank of Scotland (RBS), the largest bank rescued by the UK government, planned to close its overseas commercial property unit and dispose of the £33 billion (R412bn) of loans that it held, a person familiar with the plan said yesterday. The Edinburgh-based bank had already stopped lending to commercial property investors and developers outside Britain, said the person, who declined to be named because the plan has not been made public. The company would seek to gradually redeem or sell all the unit's existing loans, the...
photo: AP / Kirsty Wigglesworth
