IKB Considering Further Legal Action Vs Goldman Sachs -Source
16th Jul 2010 12:13
By Madeleine Nissen Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--Germany's IKB Deutsche Industriebank AG (IKB.XE) is considering further legal action against U.S. bank Goldman Sachs Group Inc. (GS), a person familiar with the matter said Friday. "IKB is carefully examining further claim
Read moreCORRECT: RBS May Launch Civil Suit Against Goldman Sachs - Source
16th Jul 2010 11:47
("=RBS May Launch Civil Suit Against Goldman Sachs - Source," at 1043 GMT, misstated the number of sources in the first paragraph. The correct version follows:) By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland PLC (RBS) is considering launching a ci
Read moreFinancial News: RBS Names First Chmn Of New Banking Committee
16th Jul 2010 11:19
By Matt Turner Of FINANCIAL NEWS Royal Bank of Scotland Group PLC (RBS) has appointed a former Credit Suisse Securities board member to act as the first chairman of its investment banking committee, a newly-formed business forum designed to ensure senior executives are on board with large an
Read moreTPG Splits With Clayton Dubilier On Bid For RBS Worldpay - Source
16th Jul 2010 08:15
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--TPG Inc and Clayton Dubilier and Rice are no longer pursuing a joint bid for Royal Bank of Scotland PLC's (RBS) Global Merchant Division, including profitable Worldpay, a person familiar with the situation told Dow Jones Newswire
Read moreRBS To Recoup $100M In Goldman Sachs Payout - Newspaper
16th Jul 2010 07:58
LONDON (Dow Jones)--Investment bank Goldman Sachs (GS) is to pay a $100 million settlement to Royal Bank of Scotland Group PLC (RBS.LN) as part of an acknowledgment that investors were led into buying a toxic mortgage product, reports U.K. newspaper The Times Friday. Goldman has agreed to pay ou
Read moreGoldman pays $550m in fraud settlement
16th Jul 2010 07:39
Goldman Sachs has been slapped with a massive $550m fine, the biggest ever imposed by US regulators, for misleading investors in the marketing of a product based on sub-prime mortgages. The Securities and Exchange Commission (SEC) found the bank guilty of "half truths and deception" that resulted i
Read moreUK Banks Defend Lending At Treasury Summit Thursday
15th Jul 2010 19:04
By Margot Patrick, Laurence Norman and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bosses of the U.K.'s biggest banks Thursday pushed back against government claims they aren't doing their part to grow the economy by lending more to small businesses, at a meeting held between
Read morePRESS RELEASE: Moody's Changes Rbs Financial -2-
15th Jul 2010 16:13
compensatory or incidental damages whatsoever (including without limitation, lost profits), even if MOODY'S is advised in advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The ratings, financial reporting analysis, projections, and other
Read morePRESS RELEASE: Moody's Changes Rbs Financial Strength Outlook To Stable From Negative
15th Jul 2010 16:13
The following is a press release from Moody's Investors Service: C- Bank Financial Strength rating outlook to stable from negative; Aa3 debt/deposit ratings affirmed London, 15 July 2010 -- Moody's has changed the outlook on Royal Bank of Scotland plc's C- standalone Bank Financial Strength Rati
Read moreRoyal Bank Of Scotland Cuts Stake In Technicolor To 2.58%
15th Jul 2010 15:06
PARIS (Dow Jones)--Royal Bank of Scotland Group (RBS.LN) has reduced its overall stake in French communications technology group Technicolor (TCH.FR) to 2.58%, the French bourse regulator said Thursday. Autorite des Marches Financiers said in a routine regulatory release that the U.K. banking g
Read moreCare UK Sets Yield Guidance On GBP250M 7Y Bond At 9.75% Area
15th Jul 2010 09:15
LONDON (Dow Jones)--Care UK Health and Social Care PLC has set yield guidance on its planned GBP250 million senior secured bonds maturing in 2017 in the area of 9.75%, one of the banks working on the transaction said Thursday. The issuer is the parent company of Care UK Ltd., a provider of healt
Read moreFiat Refinancing Talks On Track Ahead Of Results - Source
14th Jul 2010 15:46
By Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fiat SpA's (F.MI) talks with banks are "on track" towards finalizing a EUR4 billion loan financing, with the Italian group likely to accept a revolving facility for a shorter period than initially sought, said a person familiar with th
Read morePRESS RELEASE: Fitch Upgrades RBS's Individual -2-
14th Jul 2010 13:12
Applicable criteria, 'Global Financial Institutions Rating Criteria'; 'Rating Hybrid Securities'; 'Equity Credit for Hybrids & Other Capital Securities', all dated 29 December 2009; 'Bank Holding Companies', dated 30 December 2009, are available at www.fitchratings.com. Contacts: Cynthia Chan, L
Read morePRESS RELEASE: Fitch Upgrades RBS's Individual Rating to 'C/D; Affirms IDR at 'AA-'
14th Jul 2010 13:12
Fitch Ratings-London-14 July 2010: Fitch Ratings has upgraded The Royal Bank of Scotland Group's (RBS Group) and The Royal Bank of Scotland's (RBS) Individual Ratings to 'C/D' from 'D/E' to reflect RBS Group's progress with its extensive restructuring plans, improvements in risk management procedure
Read moreUK's Great Rolling Stock Company Prices GBP800M 2-Part Bond
14th Jul 2010 09:39
LONDON (Dow Jones)--The Great Rolling Stock Company has priced a GBP300 million bullet bond and a GBP500 million amortizing bond via lead managers Lloyds Banking Group PLC, Goldman Sachs Group Inc. and the Royal Bank of Scotland Group PLC, one of the banks leading the deal said Wednesday. Terms
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