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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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August 1, 2014
06:58 EDTRBSRBS issues constraints on Russian lending, Reuters says
After recent developments in Ukraine, Royal Bank of Scotland explained that it has issued constraints on its lending in Russia, according to Reuters, citing comments from the company. Reference Link
July 30, 2014
07:58 EDTSANFiling reveals Santander Brasil in discussions with Bonsucesso, Reuters says
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July 28, 2014
10:02 EDTRBSOn The Fly: Analyst Upgrade Summary
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05:25 EDTRBSRoyal Bank of Scotland upgraded to Neutral from Underweight at JPMorgan
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July 27, 2014
15:44 EDTRBSRBS advised to sell stake in Ulster Bank, Reuters says
Royal Bank of Scotland has been advised by Morgan Stanley to sell a majority stake in its Irish unit, Ulster Bank, says Reuters, citing a report in Ireland's Sunday Business Post. Reference Link
July 25, 2014
09:02 EDTRBSRoyal Bank of Scotland says 1H shows progress but 'bumps' in road ahead
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09:01 EDTRBSRoyal Bank of Scotland sees 1H profit before tax GBP2.65B
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07:57 EDTRBSRBS says private equity investment in Ulster possible, Reuters reports
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06:40 EDTRBS, SANLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. 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).Reference Link
July 23, 2014
09:00 EDTRBSU.K. committee chair says RBS 'willfully obtuse' with evidence, Reuters says
The chairman of the U.K.'s Treasury Select Committee accused Royal Bank of Scotland of being "willfully obtuse" when giving evidence to lawmakers probing its Global Restructuring Group unit, which deals with corporate clients who find themselves in financial distress, said Reuters. Reference Link
06:56 EDTRBSRBS could sell Ulster Bank to private equity firm, Irish Examiner reports
Royal Bank of Scotland (RBS) is considering selling its Ulster Bank unit to a private equity firm, the Irish Examiner. A purchase price for the unit could be anywhere between EUR500M-EUR2.5B, depending on what assets are included in the sale, the publication says. KKR (KKR) and Apollo (APO) are rumored buyers for the unit. Reference Link
July 22, 2014
06:15 EDTSANBanco Bilbao wins auction to buy Catalunya Banc for EUR1.19B
The Management Commission of the Banking Restructuring Fund has accepted BBVAs 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.

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