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Stock Market & Financial Investment News

News Breaks
March 25, 2014
07:27 EDTSMFG, MTU, RBSMitsubishi UFJ also mulls offer for RBS' Citizens, Reuters says
Royal Bank of Scotland (RBS) has had contact regarding the possible sale of its U.S. retail business Citizens with Sumitomo Mitsui (SMFG) while Mitsubishi UFJ (MTU) has also considered an offer, according to Reuters, citing people with knowledge of the matter. Both MUFG and SMFG have signaled an openness to consider a bid for Citizens, but the sources say that there are "significant hurdles" in both cases. Reference Link
News For RBS;MTU;SMFG From The Last 14 Days
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April 21, 2015
09:02 EDTMTUBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
April 20, 2015
19:32 EDTRBSU.S. pressures JPMorgan, Citi, others to settle forex case by mid-May, FT says
The U.S. Department of Justice is pressuring JPMorgan (JPM), Barclays (BCS), Citi (C), Royal Bank of Scotland (RBS), and UBS (UBS) to reach a settlement by mid-May regarding alleged foreign exchange manipulation, reports the Financial Times, citing people familiar with the situation. The Financial Times notes that the settlement could see some of the banks paying roughly $1B. Sources say that the Department is demanding guilty pleas from "most" of the banks. Reference Link
April 16, 2015
06:23 EDTMTUSharp, lenders close to $1.7B rescue, restructuring plan, Reuters reports
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April 15, 2015
06:41 EDTRBSECB authorizes new emergency funding for Greek banks, Reuters reports
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April 13, 2015
11:17 EDTRBSRBS plans to sell Luxembourg-based fund management unit, Reuters reports
Royal Bank of Scotland has appointed PricewaterhouseCoopers to advise on the sale of its Luxembourg-based fund management unit, Reuters reports. The business had $30.1B in assets under administration at the end of last year. Reference Link

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