Queen’s Bankers to Rich Enlist Taxpayers Courtesy of RBS Coutts

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On a gray January afternoon in London, John Baines had a blunt message for prospective buyers of Coutts, the 318-year-old British private bank. Coutts & Co., the U.K.’s second-largest wealth manager, and its Zurich-based international arm, RBS Coutts Bank AG, were not on the market.


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