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San Diego's Sempra Energy and the deeply troubled Royal Bank of Scotland are exploring sale of their Connecticut-based commodities trading venture for more than $3 billion, the Wall Street Journal reports. The flailing bank is 84 percent owned by the U.K. government, and now there are reports that it has exposure to the debt woes of Dubai. RBS stock is trading at $9.97 this morning, down from its $10.83 close of Monday. The European Commission has ordered the bank to sell certain assets -- probably a reason for the possible sale of the commodities unit, which has generated big profits for Sempra.
San Diego's Sempra Energy and the deeply troubled Royal Bank of Scotland are exploring sale of their Connecticut-based commodities trading venture for more than $3 billion, the Wall Street Journal reports. The flailing bank is 84 percent owned by the U.K. government, and now there are reports that it has exposure to the debt woes of Dubai. RBS stock is trading at $9.97 this morning, down from its $10.83 close of Monday. The European Commission has ordered the bank to sell certain assets -- probably a reason for the possible sale of the commodities unit, which has generated big profits for Sempra.