FSA to interrogate ex-RBS chief Sir Fred
15th Jun 2010 09:58
The City watchdog has summoned ex-Royal Bank of Scotland boss Sir Fred Goodwin to answer questions about the bank's management in the run up to its near-collapse in October 2008, according to reports. It's thought the former boss will meet with the Financial Services Authority at the office of his
Read moreSantander Sole Final Bidder For RBS' 318 UK Branches -Source
15th Jun 2010 09:13
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spain's Banco Santander SA (STD) was the sole final bidder for Royal Bank of Scotland Group PLC's (RBS) 318 U.K. branches and is likely to enter into exclusive talks with the U.K. bank in the next few days, a person familiar wit
Read moreTR Property Inv. Sells Cambridge Property For GBP6.7M
15th Jun 2010 08:24
LONDON (Dow Jones)--TR Property Investment Trust Plc (TRY.LN), an investment trust, managed by Thames River Capital LLP, announced Tuesday it has completed the sale of the leasehold interest in Unit 270, Cambridge Science Park, Cambridge, from the Ordinary share class portfolio for a sale price of G
Read moreFSA Summons RBS Ex-CEO Goodwin To Answer Questions On Bank's Management - Report
15th Jun 2010 07:00
DOW JONES NEWSWIRES Sir Fred Goodwin has been summoned by the U.K.'s Financial Services Authority to answer questions about Royal Bank of Scotland Group PLC's (RBS) management in the run-up to its near-collapse in October 2008, The Times reported on its website Tuesday, without citing sources.
Read moreDemand Pushes Up Prices For Anadarko And TransOcean Bonds
14th Jun 2010 23:35
By Christopher Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Bond buyers on Monday saw bargains in debt issued by Anadarko Petroleum Corp. (APC) and TransOcean Ltd. (RIG), two companies bound to the fate of the creeping spill in the Gulf of Mexico and to BP PLC (BP, BP.LN). Trad
Read moreSantander Submits Final Bid For RBS' 318 UK Branches - Source
14th Jun 2010 17:41
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spain's Banco Santander SA (STD) has submitted a final bid worth up to GBP1.8 billion for Royal Bank of Scotland Group PLC's (RBS) 318 U.K. branches, a person familiar with the situation said, in what is likely to be the only of
Read moreFOCUS: UK Banks Tap Covered Bonds, But RMBS Buyers Still Missed
14th Jun 2010 17:18
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 of the market for securities backed by resid
Read moreTPG Set To Drop Out Of Run For RBS' Merchant Svcs Unit-Source
14th Jun 2010 15:16
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--TPG is set to withdraw from the auction for Royal Bank of Scotland Group PLC's (RBS) Global Merchant Services payments-processing unit, a move that could jeopardize the competitive process, a person familiar with the situation sai
Read moreRBS sells Argentinean business
14th Jun 2010 15:10
Taxpayer-backed Royal Bank of Scotland has agreed to sell the business of its Argentinean branch to Banco Comafi. The deal is subject to regulatory approvals and is due to complete in the first half of 2011. The lender didn't comment on the financial details of the sale but said the consideration
Read moreRBS Agrees Sale of Argentinean Business To Banco Comafi
14th Jun 2010 15:08
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS.LN) said Monday that RBS N.V. has reached an agreement to sell the business of its Argentinean branch to Banco Comafi S.A. MAIN FACTS: -The transaction is subject to regulatory approvals and is due to complete in 1H, 2011. -The co
Read moreBBVA More Interested In US, Asia Deals Than UK -Chairman
14th Jun 2010 14:54
SANTANDER, Spain (EFE Dow Jones)--Banco Bilbao Vizcaya Argentaria SA (BBVA) remains interested in growing in the U.S. and Asia, and is less focused on the U.K. market, Chairman Francisco Gonzalez said Monday. "Our market is elsewhere," he said when asked during a conference if the Spanish bank m
Read moreSantander in line for RBS branches
14th Jun 2010 08:14
Bank giant Santander could be the only bidder for 318 high street branches being sold by the Royal Bank of Scotland when the auction ends today. The Spanish bank is reported to be have tabled a £2bn offer in April. Santander has been snapping up UK assets in recent years, having bought Abbey, Alli
Read moreUK Business Secretary In Bid To Split Banks - Report
13th Jun 2010 13:29
LONDON (Dow Jones)--U.K. Business Secretary Vince Cable is keen on separating retail from investment banking despite assurances from the Treasury that the prospect of such a split hasn't been concluded yet, the Sunday Telegraph reported. "The coalition agreement is quite explicit ... The purpose
Read moreSantander Reduces Offer For RBS Branches On Loan Concerns -FT
12th Jun 2010 11:19
LONDON (Dow Jones)--Santander Bancorp (SBP) has reduced its offer for the retail branch network of Royal Bank of Scotland Group PLC (RBS.LN), the Financial Times reported Saturday citing sources familiar with the situation. The newspaper said the Spanish bank is expected to submit a final offer
Read moreRBS Debut Covered Bond Tightens In Secondary Trading
10th Jun 2010 17:30
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC's (RBS) debut covered bond issue was well received in the secondary market Thursday, with the spread tightening by 5-10 basis points. RBS priced the three-year, EUR1.25 billion deal at 125 basis points over mid-swaps Wednesday. The order b
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