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Stock Market & Financial Investment News

News Breaks
March 4, 2013
06:19 EDTBNPQY, RBSIdeal Stelrad weighing strategic options, may consider sale, Telegraph reports
Radiator firm Ideal Stelrad, whose owners include Royal Bank of Scotland (RBS) and BNP Paribas (BNPQY), is weighing strategic options, sources tell the Telegraph. If a strategic review does go forward, the business could be sold this year, possibly for GBP200M-GBP300M. Reference Link
News For RBS;BNPQY From The Last 14 Days
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October 6, 2015
12:38 EDTBNPQYBNP Paribas management to meet with JPMorgan
Meetings to be held in Boca Raton/Winter Park, FL on October 5, in Austin/Houston on October 6, in Des Moines/Kansas City on October 7, in Columbus/Minneapolis on October 8 and in Denver on October 9 hosted by JPMorgan.
September 30, 2015
18:21 EDTBNPQYGeneral Electric confirms sale of railcar services to Wells Fargo
General Electric (GE) confirmed that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings and its remaining railcar leasing business, General Electric Railcar Services to Wells Fargo (WFC). Terms of the transactions are not being disclosed. "We expect to be substantially done with our exit strategy [to sell most of the assets of GE Capital] by the end of 2016," noted GE Capital chairman and CEO Keith Sherin. "GE and its board of directors have determined that market conditions are favorable to pursue disposition of these assets. GE Capital will retain the financing 'verticals' that relate to GE's industrial businesses," the company noted. The sale of the tank car assets is effective immediately and closed Wednesday. The sale of the railcar repair facilities is expected to close in Q4. The sale of the remaining railcar leasing business is expected to close by the end of 1Q16. When completed, the rail transactions, which represent about $4B of ending net investment, will contribute approximately $1.3B of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The company also noted that the completion of the sale of GE's European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas (BNPQY), is expected to close in Q4.
September 29, 2015
12:12 EDTBNPQYAB InBev taps BofA, Santander for SABMiller offer financing, Bloomberg says
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07:17 EDTRBSRBS CEO eyes share buyback from government, Bloomberg says
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September 23, 2015
07:17 EDTRBSRBS to cut 100 investment banking jobs in overhaul, Bloomberg reports
Royal Bank of Scotland plans to cut roughly 100 jobs as part of a revamp of its investment bank, Bloomberg reports, citing two people with knowledge of the matter. The bank promoted Scott Satriano, currently head of sales, to lead a reorganized unit of its corporate and institutional bank, combining areas such as derivatives, structuring technology, debt capital markets, and risk advisory, the report says. Reference Link

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