Royal Bank of Scotland is looking to expand in numerous U.S. markets, but plans to do so in its trademark cautious way, a top retail executive at the company said.

RBS plans to open more branches in markets where it has a small presence and to test the waters in Florida, the Carolinas and several other Southeastern states with automated teller machines, said Martin Bischoff, a vice chairman who runs consumer and business banking for RBS' U.S. operation.

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