Talks between Royal Bank of
Scotland (RBS) and GE Capital over the sale of the bank’s Lombard
Vehicle Management have ended.

RBS put the business up for
sale in June as part of the 84% state-owned bank’s disposal of
non-core assets and GE Capital was immediately identified as a
likely bidder.

However, talks between US-based GE Capital and RBS ended
after the two parties failed to agree a price for the vehicle
leasing business.