RBS Agrees Sale Of Retail Banking Business in UAE
16th Jun 2010 16:25
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS.LN) said Wednesday it has agreed to the sale of its Retail Banking business in the UAE to Abu Dhabi Commercial Bank, or ADCB. MAIN FACTS: -The total cash consideration payable by ADCB is equal to the net asset value of the business at
Read moreRBS sells UAE Retail Banking business
16th Jun 2010 16:19
Taxpayer-backed Royal Bank of Scotland has sold its UAE Retail Banking business to Abu Dhabi Commercial Bank (ADCB). The total cash consideration payable is equal to the net asset value of the business at completion plus a premium of about £31m. As at 31 December 2009, the net assets of the busines
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreLondon midday: RBS leads sedate advance
16th Jun 2010 12:18
Leading equities sleepwalked their way through the morning session, with little in the way of corporate news to perk interest. Economic news has been mixed today with the number of people claiming unemployment benefit falling more than expected in May, but the wider unemployment rate continuing to
Read moreLondon open: Early gains for Footsie
16th Jun 2010 08:46
London has made a strong start following last night's 200-point rally on Wall Street. In company news this morning, Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela
Read moreLondon pre-open: Rally set to continue
16th Jun 2010 07:39
It looks like being another strong start for London following last night's 200-point rally on Wall Street, with the FTSE 100 looking to make it six up days in a row. US traders piled into stocks after debt auctions in Spain and Belgium attracted decent demand, alleviating some of the fears about an
Read moreRBS accepts cut price offer for Pakistani unit
16th Jun 2010 07:11
Part-nationalised bank Royal Bank of Scotland has sold another piece of its sprawling empire, getting shot of a Pakistani subsidiary at the second attempt. The Royal Bank of Scotland NV (formerly known as ABN AMRO Bank NV), a subsidiary undertaking of The Royal Bank of Scotland Group, has reached a
Read moreFaysal Bank To Buy Royal Bank Of Scotland's Pakistan Operations
16th Jun 2010 07:00
KARACHI (Dow Jones)--Faysal Bank Ltd. (FABL.KA) said Wednesday it has agreed to buy a 99.37% stake in Royal Bank of Scotland Group PLC's (RBS) Pakistan operations for PKR4.3 billion ($51 million) at PKR2.5 a share. The transaction for RBS Pakistan is subject to regulatory approvals and is expect
Read moreRoyal Bank Of Scotland NV Signs Share Sale Pact With Faysal Bank
16th Jun 2010 06:49
LONDON (Dow Jones)--The Royal Bank of Scotland N.V., a subsidiary undertaking of The Royal Bank of Scotland Group PLC (RBS), said Wednesday it has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank Ltd (FABL.KA) for a total consideration of EUR41 million. MAIN FA
Read moreADR REPORT: Shares Climb As European Worries Ease
15th Jun 2010 22:14
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Tuesday, capping a daylong rally fueled by more confidence in Europe's economy and a report of strong computer sales. The Bank of New York index of ADRs rose 3% to 12
Read moreSuez Environnement Prices EUR500M 2022 4.125% Bond At 99.249
15th Jun 2010 15:39
LONDON (Dow Jones)--French waste and water company Suez Environnement SA (SEV.FR) has priced its 12-year, EUR500 million bond at 108 basis points over midswaps, one of the banks working on the sale said Tuesday. Credit Agricole S.A., ING N.V., Natixis and Royal Bank of Scotland Group PLC were jo
Read moreSuez Environnement To Price EUR500M 12-Year Bond At Swaps +1.08
15th Jun 2010 13:32
LONDON (Dow Jones)--French waste and water company Suez Environnement SA (SEV.FR) has set price guidance on its 12-year, EUR500 million bond at 108 basis points over midswaps, one of the banks working on the deal said Tuesday. Credit Agricole S.A., ING N.V., Natixis and Royal Bank of Scotland Gr
Read morePRESS RELEASE: S&P Corrects Rtg On FRN Issued By RBS Group To 'A'
15th Jun 2010 12:17
The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) June 15, 2010--Standard & Poor's Ratings Services today corrected its rating on The Royal Bank of Scotland Group PLC's (RBSG; A/Stable/A-1) $500 million series 2978 senior unsecured floating rate notes due June 20,
Read moreSuez Environnement Plans EUR500M 12-Yr Bond - Source
15th Jun 2010 12:03
LONDON (Dow Jones)--French waste and water company Suez Environnement SA (SEV.FR) is planning a 12-year, EUR500 million bond, one of the banks working on the deal said Tuesday. Credit Agricole S.A., ING N.V., Natixis and Royal Bank of Scotland Group PLC are joint-lead managers on the deal, which
Read moreFOCUS: UK Banks Tap Covered Bonds, But RMBS Buyers Still Missed
15th Jun 2010 10:19
(This was originally published Monday.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lenders are increasingly turning to covered bonds to finance their lending activities, but some market participants caution that the instruments cannot fill the gap left by the collapse
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