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Stock Market & Financial Investment News

News Breaks
July 25, 2014
07:57 EDTKKR, RBSRBS says private equity investment in Ulster possible, Reuters reports
Royal Bank of Scotland (RBS) acknowledged that a private equity investment in its Ulster Bank unit is among the options it is exploring, according to Reuters, citing comments made by CEO Ross McEwan during a conference call with reporters. The Irish Examiner and Sunday Times have previously reported that Ulster could be sold or invested in by a PE firm, with the Times noting that Warburg Pincus, CVC, KKR (KKR) and Permira were among the groups examining an investment. Reference Link
News For RBS;KKR From The Last 14 Days
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October 6, 2015
07:24 EDTKKRbloomberg to hold a summit
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September 29, 2015
07:17 EDTRBSRBS CEO eyes share buyback from government, Bloomberg says
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September 25, 2015
16:43 EDTKKRKKR no longer holds stake in Smucker, lost right to designate board observer
On September 21, The J. M. Smucker Company (SJM) entered into an underwriting agreement, dated as of September 21, with Blue Holdings and Morgan Stanley with respect to a registered underwritten public offering of 8.28M shares of the company's common shares, to be sold by the selling shareholder. The common shares sold by the selling shareholder represent 100% of the ownership interests attributable to affiliates of Kohlberg Kravis Roberts (KKR). The secondary offering was completed on September 25. Upon completion of the secondary offering, KKR ceased to be the beneficial owner of any of the common shares and lost its right to designate a board observer.
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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