RBS and Bank of China launch private bank

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The Royal Bank of Scotland and Bank of China have opened their first two private bank branches in Beijing and Shanghai. The new branches will focus on providing investment products and services to high-net-worth individuals - those with over US$1 million in investable assets. The opening of the new private banking branches is the latest initiative from Bank of China and RBS following the launch of their strategic partnership in January 2006.

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