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RBS rises after report says it has received bids for Greek ship finance business

RBS
Jason Alden | Bloomberg | Getty Images

Royal Bank of Scotland's U.S.-traded shares rose more than 2 percent on Thursday amid a report that the company is receiving bids for its Greek ship finance business.

On Wednesday, Reuters reported, citing sources, that the operation was worth about $3 billion, although sources in the shipping business said that problems with lending to the industry, much of which is in a deep downturn, would affect the value of what could be recouped via a sale.

A spokesperson from the company declined to comment.

RBS shares have fallen nearly 34 percent over the past year.

Royal Bank of Scotland 12-month performance: