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Royal Bank of Scotland Plans to Operate Banking Unit in Canada

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Feb. 28 (Bloomberg) -- Royal Bank of Scotland Plc plans to operate a banking business in Canada.

The Edinburgh-based lender will do business in Canada under the name Royal Bank of Scotland Plc, Canada Branch, according to a notice in the Canada Gazette, the government’s official regulatory publication. Royal Bank of Scotland yesterday posted its biggest full-year loss since taking a bailout in 2008.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net; David Scanlan at dscanlan@bloomberg.net

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