|March 25, 2013|
|06:17 EDT||RBS, SAN||RBS 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
Check below for free stories on RBS;SAN the last two weeks.
|July 22, 2014|
|06:15 EDT||SAN||Banco Bilbao wins auction to buy Catalunya Banc for EUR1.19B|
The Management Commission of the Banking Restructuring Fund has accepted BBVA´s bid in the competitive auction for the acquisition of Catalunya Banc S.A. As a consequence, BBVA has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100% of the shares of Catalunya Banc to BBVA for the price of up to EUR1.19B. Closing of the sale and purchase transaction will be subject, among others, to the obtaining of the relevant administrative authorizations and approvals and to the effective closing of the transaction announced by Catalunya Banc to the market on July 17 whereby Catalunya Banc will transfer to an asset securitization fund a loan portfolio with a nominal value of EUR.6.4B.
|July 18, 2014|
|11:21 EDT||RBS||British antitrust regulator to investigate country's banks, NY Times reports|
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
|06:31 EDT||RBS||RBS winds-down distressed-debt unit as Weiss leaves, Bloomberg says|
Royal Bank of Scotland is capping a distressed-debt division as it scales back its investment firm to revive profitability, according to Bloomberg citing three people familiar with the matter. The sources said that global head of a special situations group, Jon Weiss, departed this month. Reference Link
|06:20 EDT||RBS||RBS considers selling Coutts' overseas operations, FT reports|
Royal Bank of Scotland is eyeing the sale of Coutts' overseas operations, the Financial Times reports. The bank is currently conducting a review of its wealth management division. Reference Link
|July 11, 2014|
|11:31 EDT||SAN||Options with increasing implied volatility|
Options with increasing implied volatility: INO AEGR UBNT INVN WTW OREX GNC CREE SD SAN
|06:48 EDT||RBS||Bank of England says banks' capital requirement could rise, Reuters reports|
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|July 10, 2014|
|07:08 EDT||RBS, SAN||ECB keeps tight grip on banks with health check results, Reuters says|
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banks’ balance sheets and measure their ability to handle shock and stress. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).