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Coutts seeks a buyer for its £11m Fleet Street home

Private bank Coutts has put its Fleet Street branch on the market, according to reports.

The bank, which is owned by the Royal Bank of Scotland (RBS), is hoping to sell the branch for £11 million and has instructed DTZ to find a bidder for the property.

According to The Times, Coutts wants to reduce its presence in the capital by trimming its seven branches down to two, though it will keep its site on the Strand, located nearby.

The move follows the private bank and wealth manager's international head denying that Coutts would go on the market as part of RBS' ambition to slim its balance sheet.

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