RBS To Provide City Of London Police Training On Financial Crime: FT

(RTTNews) - Royal Bank of Scotland Plc. (RBS, RBS.L) has inked an agreement with the City of London Police to provide them with free training and advice on financial crime, the Financial Times reported.

The company's expertise in equities and markets, financial instruments, international jurisdictions, foreign languages and cybertechnology could be of use to the law enforcers.

RBS, 81 per cent owned by the U.K. government, itself has many unresolved litigation issues. While announcing the third-quarter results last week, the lender said it set aside 400 million pounds, related to potential costs following investigations into the foreign exchange market.

Any investigation into the bank is expected to be kept separate from the new venture.

The stock climbed 6.2 percent on Friday to settle at 388.00 pence.