RBS to combine Asia Pacific banking teams into one

HONG KONG, July 14 (Reuters) - Royal Bank of Scotland (RBS.L) on Tuesday said it will merge its various investment banking teams in Asia-Pacific into one group.

The move comes as the struggling bank, majority owned by the UK government, tries to sell off assets abroad and streamline others it plans to keep. RBS is selling its retail and commercial units in Asia, and keeping its investment bank. (Reporting by Michael Flaherty; Editing by Chris Lewis)