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Stock Market & Financial Investment News

News Breaks
November 3, 2009
06:37 EDTRBS, STDBanco Santander expects to buy a Royal Bank of Scotland section, Expansión says
Banco Santander (STD) expressed interest in acquiring the small and medium businesses section from the Royal Bank of Scotland (RBS), an attempt to increase its corporative banking share in the British market. Confidential sources reported that Santander is awaiting the sale to be confirmed. National Australia Bank has been mentioned as a competitor in this potential sale. Depending on the actives included in the offer the and the competition amount buyers price may may vary from EUR1.10B to EUR2.20B Reference Link
News For STD;RBS From The Last 14 Days
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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 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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