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Stock Market & Financial Investment News

News Breaks
March 25, 2013
06:17 EDTRBS, SANRBS receives five bids for 318 branches, Daily Mail reports
Royal Bank of Scotland (RBS) has received five bids for the 318 branches that are up for sale following the collapse last year of a deal with Santander (SAN) for the branches, the Daily Mail reports. RBS received bids in the region of GBP1B from Virgin Money and a consortium headed by former Tesco finance chief Andrew Higginson, as well as private equity bidders. Reference Link
News For RBS;SAN From The Last 14 Days
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January 28, 2015
16:56 EDTRBSFederal judge says FOREX manipulation case to proceed, Reuters reports
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07:43 EDTRBSRBS divesting toxic assets 12 months ahead of schedule, Bloomberg says
Royal Bank of Scotland Group will divest or wind down 85% of its toxic assets by late 2015, 12 months ahead of schedule, reports Bloomberg, citing a person with knowledge of the matter. The remaining 15% of its $43.7B "bad debt" will remain within RBS Capital Resolution because it is too toxic or too long-term. Reference Link
January 27, 2015
07:18 EDTSANDiageo extends payment delay to 90 days for small suppliers, Telegraph says
Diageo (DEO), owner of Guinness and Johnnie Walker, notified suppliers it will delay payment for 90 days on all new contracts and tenders from February 1 onwards, reports the Telegraph. The notice also stated suppliers would have access to Santander (SAN) financing if any monetary issues arise due to the new policy. The Forum of Private Business plans to challenge Diageo on the matter. Reference Link
06:52 EDTSAN, RBSEuropean Central Bank raises capital requirements for banks, WSJ says
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January 21, 2015
07:04 EDTSANSunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
January 20, 2015
14:06 EDTRBSCitizens, Keysight identified as long positions by Einhorn
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07:30 EDTRBSU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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January 16, 2015
08:19 EDTRBSRBS reviewing loans to small businesses on new issue, Independent says
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January 15, 2015
10:41 EDTRBSRBS general counsel, others leave bank, NY Times reports
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06:42 EDTSAN, RBSECB most likely will unveil bond buying program, NY Times says
The European Central Bank is "all but certain" to announce at its next meeting that it will buy government bonds, according to The New York Times. But the ECB may announce that it will buy bonds but say that it will only provide details about the program in March, some believe, the newspaper reported. Some economists contend that the initiative could be a case of "too little, too late," The Times added. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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