The sale of Royal Bank of Scotland's retail and commercial assets in China has hit a stumbling block that could derail negotiations with preferred bidder Standard Chartered, according to people familiar with the matter.
Standard Chartered entered exclusive talks with the UK lender last month to acquire assets in China, India and Malaysia, hoping to strike a deal within weeks.
However, people familiar with the matter said the chances of StanChart buying the China assets had fallen to “around three out of 10” and that talks relating to the mainland part of the sale were “in limbo”.
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