RBS Will Close Its German M&A Operations, Handelsblatt Reports

Royal Bank of Scotland Group Plc will close down its German mergers and acquisitions division, which employs almost 20 people, to focus on its existing business with some 150 corporate clients in the country, Handelsblatt reported today, citing Ingrid Hengster, head of the German unit of RBS.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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