Bloomberg reports, citing the Times of London that due to small and irregular profits, Royal Bank of Scotland (NYSE:RBS) has plans to close its cash and equities unit.The Times also notes that the bank hasn’t found a buyer for the whole equities unit, Jeffries (NYSE:JEF), Oriel Securities and Numis Corp are interested in buying Hoare Govett, its small corporate equities broking division.Royal Bank of Scotland is currently below its 50-day moving average (MA) of $6.70 and below its 200-day MA of $9.86.
