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Royal Bank of Scotland is in the Financial Services Industry
Latest News and Analysis
Australia's CBA in Talks to Buy ABN AMRO Unit
By Mette Fraende SYDNEY (Reuters UK) - Commonwealth Bank of Australia CBA, the nation's second-biggest lender by assets, said it was in talks to buy ABN AMRO's Australia and New Zealand operations, as it looks to strengthen its institutional banking and markets business. The news...
Eight Ways to Build Collaborative Teams
The Idea in Brief To execute major initiatives in your organization--integrating a newly acquired firm, overhauling an IT system--you need complex teams. Such teams' defining characteristics--large, virtual, diverse, and specialized--are crucial for handling daunting projects. Yet these very characteristics can also...
Credit And Debit Cards
Credit and debit cards have become the preferred method of payment for most consumers. Not only does the acceptance of cards provide added customer convenience. It also helps improve your cash flow and eliminates costly credit and collection efforts through online approval of all transactions. Debit is the fastest growing...
Additional Resources
Main movers
AEasyjet 275.75p (up 6.5p, 2.41 per cent) Oil price falls on consumption worries. ADana Petroleum 1,683p (up 45p, 2.75 per cent) Excited by approach for Imperial Energy. AVenture Production 791p (up 8.5p, 1.09 per cent) Royal Bank of Scotland reiterates "buy" rating. ...
Allstate leads RBSi bids
Allstate, the US insurance giant, has brought in investment bank JPMorgan, alongside advisers Lehman Brothers, to arrange the financing for its estimated 7bn tilt at Royal Bank of Scotland's insurance arm RBSi. Allstate is thought to be the front-runner in an auction for the unit, with Zurich...
How can we shuffle the pack as card rates soar?
Borrowing Plastic has joined home loans as a casualty of the credit crunch. Julian Knight searches for good deals With the UK banking system still gripped by the credit crunch, it's now the turn of card borrowers to feel the interest rate pain. Research...
RBS chairman signals long-term investment in Bank of China
LONDON AFP — The chairman of Britain's Royal Bank of Scotland signalled in an interview published Monday that the group would hold on to its stake in Bank of China for the long-term. Gordon Pell's comments to the Financial Times came in spite of RBS's financial struggles and...
RBS in talks to sell Australasian units to NAB for A$1bn
Royal Bank of Scotland is in talks with National Australia Bank to sell ABN Amro's corporate and investment banking operations in Australia and New Zealand. Australia's biggest bank said yesterday that it was considering buying the businesses but that there was no certainty of a deal. RBS...
Zurich Financial says it will buy Sabadell's insurance business
ZURICH AFP — Swiss insurer Zurich Financial Services Group said on Friday it had agreed to pay up to 900 million euros for half of the insurance and pension operations of Spanish bank Banco Sabadell SA. The deal, worth the equivalent of 1.42 billion dollars, would propel Zurich...
Research and Markets: Investigate IT Sales Opportunities in the Royal Bank of Scotland for 2008
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/5e0030/royal_bank_of_scot) has announced the addition of the "Royal Bank of Scotland - IT Sales Opportunities - 2008" company profile to their offering. The Royal Bank of Scotland Group plc RBS is a holding company of The Royal Bank of Scotland plc (Royal...
NAB looking at buying ABN Amro's Australia and NZ assets
SYDNEY AFP — The National Australia Bank said Friday it was in discussions to buy Dutch bank ABN Amro's assets in Australia and New Zealand. ABN Amro has investment and wholesale banking arms in Australasia which could reportedly fetch more than a billion dollars (950 million US) if...
A&L rises after hiring Ulster Bank chairman to see it through
Alliance & Leicester has hired Alan Gillespie, a tough Ulsterman, as chairman to guide the bank through the financial turmoil. The former building society announced the arrival of the veteran banker yesterday. Mr Gillespie will join in September from Ulster Bank, part of Royal Bank of Scotland,...
ABN Amro worries continue to weigh on RBS
MARKET REPORT The Royal Bank of Scotland ended at second place on the FTSE 100 loser board yesterday after Cazenove said that, despite its 12bn rights issue, the bank remained challenged by its exposure to weakening corporate credit quality and the uncertainties of the acquired ABN Amro...
SHAKE MOVES INTO AFRICA
Shake Interactive, an Edinburgh-based digital and mobile marketing agency, has expanded into South Africa and the US with support from the Royal Bank of Scotland RBS. Founded three years ago, Shake has acquired a 40per cent controlling stake in South Africa's leading mobile internet agency, Johannesburgbased MyBeat...
NEW ROLE FOR MACPHERSON
Shonaig Macpherson, one of Scotland's most prominent business leaders, has been appointed chairwoman of the BT Scotland board. She takes over from current chairman Iain Robertson, former chief executive of the Royal Bank of Scotland's RBS corporate banking and financial markets division. Macpherson was formerly senior partner...
Investor Group led by Teachers' Private Capital and Providence Equity Partners enter into final agreement with BCE
TORONTO, July 4 /PRNewswire/ -- Teachers' Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners Inc., Madison Dearborn Partners, LLC and Merrill Lynch Global Private Equity today issued the following statement regarding the final agreement that the company formed by the investor group...
Treasury looks to copy Australia and accelerate rights issues
UK Treasury officials are believed to support the adoption of an Australian-style rights issues model that would dramatically speed up the process and end the need for a company to issue a costly prospectus. The Treasury began a rights issues review earlier this month amid widespread criticism...
Fortis shares slump 20% on EUR 8bn capital raising plan
Fortis has become the latest banking group to bolster its balance sheet in the wake of the credit crunch and its joint acquisition of ABN Amro, kicking off an $8bn (6bn) capital raising plan yesterday. Just a day after the announcement of a 4.5bn fund raising from...
Renewal of Working Capital Syndicated Bank Facility
LONDON, June 27 /PRNewswire-FirstCall/ -- Signet Group plc (LSE and NYSE: SIG), the world's largest speciality retail jeweller, today announced that it has entered into a $520 million unsecured multi-currency five year revolving credit facility agreement. This replaces an existing $390 million facility entered into in September 2004...
Will Barclays' recapitalisation be enough to ride out the storm?
OUTLOOK With the HBOS rights issue in danger of being left with the underwriters, it is hardly surprising that Barclays has opted for the strategic-investor approach to new capital. On the face of it, the 4.5bn being provided by a combination of Middle and Far Eastern investors...
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