The Royal Bank of Scotland (RBS) may abandon the sale of its insurance division after raising nearly £6 billion ($13 billion) through the sale of part of its loan book, according to British media reports.

RBS sought a buyer for its insurance units as the bank sought to improve liquidity following the £56 billion ($120 billion) takeover last year of Dutch rival ABN Amro.
 
A series of potential buyers have since pulled out of proceedings, suggesting the bank has looked to alternative sources of funds.