Royal Bank of Scotland is in negotiations to buy the retail bank of Mellon Financial, the Pittsburgh-based financial group. It is understood to be midway through talks on the deal, estimated at $1.8$2.2 billion. The talks are not expected to be concluded for several weeks. The Scottish bank, the UK's second-largest, has been looking since November for acquisitions to add to Citizens, its New England operation, which Bank of Ireland sold out of in 1998.
Scottish bank eyes US firm
Royal Bank of Scotland is in negotiations to buy the retail bank of Mellon Financial, the Pittsburgh-based financial group
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