The United States "shares God," said the Buffett on the 4th, its control of the Berkshire Hathaway investment company will consider the Royal Bank of Scotland (RBS) of the insurance business, and has negotiated the acquisition close to a British medium -Company.
Since the purchase of Dutch bank spent large amounts of funds, Royal Bank of Scotland in the credit crunch. The bank in April said it is considering selling its Direct Line and Churchill, and other insurance business. Royal Bank of Scotland chief executive Goodwin said the bank plans to sell the entire business, or the sale of the business part of the shares, but does not intend to be split into several independent brand business. Analysts expect the Royal Bank of Scotland business value of 5-8 billion pounds.
But Buffett remind investors that the U.S. housing market weakness have not yet ended, this year's revenue is not expected to be optimistic.
Since the purchase of Dutch bank spent large amounts of funds, Royal Bank of Scotland in the credit crunch. The bank in April said it is considering selling its Direct Line and Churchill, and other insurance business. Royal Bank of Scotland chief executive Goodwin said the bank plans to sell the entire business, or the sale of the business part of the shares, but does not intend to be split into several independent brand business. Analysts expect the Royal Bank of Scotland business value of 5-8 billion pounds.
But Buffett remind investors that the U.S. housing market weakness have not yet ended, this year's revenue is not expected to be optimistic.
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