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** Britain's Royal Bank of Scotland denied anewspaper report that said it was planning to sell a portfolioof more than 1,300 UK residential properties owned by itsproperty arm, and was considering floating them on the stockexchange.
"This business plan is solid because we do not start byzero," he said, referring to cost saving and other measures thenew senior management has carried out since taking the helm ofthe crisis-hit bank in early 2012.
Whittam Smith added he believed the City of London's financial industry had undergone a "change in moral climate", reining in the bloated bonuses and unscrupulous behavior of recent years. Much still needed to be done, however.
"We're going to take Leap the old fashioned way, customer bycustomer in the market and in doing so we'll probably saveourselves billions of billions of dollars," Sievert said whenasked if his company would make a bid for Leap.
Russia warned against undue optimism. "The result is betterthan in Almaty (talks held in April) but does not guaranteefurther progress," Sergey Ryabkov, Russia's deputy foreignminister and Iran negotiator, told Interfax. "There could havebeen better cooperation."