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- RBS Loss Halves, Shares Up 7.5 Percent
- By Clara Ferreira-Marques and Steve SlaterLONDON (Reuters UK) - Royal Bank of Scotland more than halved third-quarter losses as bad debts shrank in results released on Friday and its shares rose over 7.5 percent.Investors nevertheless fretted over a poor performance at its investment banking arm, which trailed European and U.S....
- News items 2009-11-06
Additional Resources
- RBS's Q3 Loss Halves But More Bad Debts to Come
- LONDON (Reuters) - Royal Bank of Scotland RBS more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.Part-nationalized RBS said impairment losses totaled 3.3 billion pounds, down 30 percent from 4.7 billion in...
- News items 2009-11-06
- Lloyds, RBS Agree to Massive Shake-up
- By Clara Ferreira-Marques and Steve SlaterLONDON (Reuters) - Britain's two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.The deal announced on Tuesday paves the way for...
- News items 2009-11-03
- RBS Likely to Sell Insurance Arm - Source
- By David MillikenLONDON (Reuters UK) - Royal Bank of Scotland RBS, majority owned by the government, is likely to sell its insurance arm and other assets including bank branches and some investment banking operations, a British government source told Reuters on Friday.The sales -- which are in line with the...
- News items 2009-10-30
- Bank Loaned £60 Billion to RBS, HBOS
- By Keith WeirLONDON (Reuters UK) - The Bank of England disclosed on Tuesday that it provided almost 62 billion pounds in emergency loans to Royal Bank of Scotland RBS and HBOS LLOY at the height of the credit crisis last year.The Bank said it did not give details of the...
- News items 2009-11-24
- CORRECTED - RBS Coutts Sees Staff Exodus in Singapore
- (Corrects staff being hired in 5 years to 200, not doubling; corrects spelling to Calamander from Calamandar) SINGAPORE/LONDON (Reuters UK) - More than a quarter of the staff at the Singapore office of private bank RBS Coutts have quit in a mass resignation and some, sources said, could be joining...
- News items 2009-10-12
- RBS talks on Asian assets in "full swing": sources
- By Clara Ferreira-Marques and Saeed Azhar of Reuters LONDON/SYDNEY - Royal Bank of Scotland's talks to sell some of its Asian assets to Standard Chartered remain "in full swing", sources familiar with the matter said after a report they were on the rocks. Asia-focused Standard Chartered has said it is...
- News items 2009-08-25
- RBS Tweaks EU State Aid Deal, Sets EGM
- LONDON (Reuters UK) - Lender Royal Bank of Scotland said it had fine-tuned a deal to win European Union approval for state aid it has received, as it called for investors to vote on its restructuring plan next month.RBS, majority state-owned after receiving a government bailout last year, said the...
- News items 2009-11-27
- RBS and Lloyds Banking Group to sell brands
- RBS has agreed to dispose of 318 branches over the coming four years, while Lloyds Banking Group will sell 600 branches. As part of the divestment programme, RBS will sell its RBS branches in England, NatWest branches in Scotland and its insurance portfolio, which includes brands such as Direct Line,...
- News items 2009-11-03
- Fortress Buys Stake in LA Tower.(Fortress Investments acquires stake in Wells Fargo Tower from RBS Greenwich Capital)
- RBS Greenwich Capital has sold part of its 58% stake in a Los Angeles office tower to a fund managed by Fortress Investments. RBS Greenwich Capital has sold part of its 58% stake in a Los Angeles office tower to a fund managed by Fortress...
- Research articles 2003-02-28
- 2 October 2007 - Fortis, RBS and Santander - U.S. Registration Statement declared effective
- In connection with the proposed acquisition by RFS Holdings of ABN AMRO and further to their announcement of 28 September 2007 regarding U.S. regulatory matters, Fortis, RBS and Santander (collectively, the "Banks") announce that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form F-4 (the...
- Research articles 2007-10-02
- RBS hires two to credit trading team.
- Byline: Vivek Ahuja Royal Bank of Scotland RBS has recruited Klaus Svendsen and Paul Gordon-Brown to the credit trading team in London, which is part of the bank's capital markets business.Svendsen joins from Morgan Stanley to head the Euro medium term note EMTN business...
- Research articles 2003-01-13
- NexTran's Xtremo ATM Is Certified by RBS Lynk; Last Step in Certification Strategy for Next Generation Automated Teller Machine
- SOUTH HACKENSACK, N.J. -- NexTran Industries, Inc., a significant provider of Automated Teller Machine products and solutions, has announced that its next-generation ATM, the Xtremo, has been certified RBS Lynk. RBS Lynk, part of the Royal Bank of Scotland Group, is the third-leading ATM processor in the U.S., according...
- Research articles 2005-07-21
- China 180°: Citi (C) Ends Private Banking Unit, RBS Dumping Bank Stake
- Here's a trend that's picking up steam. After expanding aggressively into China over the past several years, Western banks are retreating, opting to conserve cash rather than invest in the future growth of the company. Citigroup C, which is restructuring and retrenching all around the globe is pulling the plug...
- News items 2009-08-07
- RBS Nordisk Renting AB signs property deal with Norwegian utility Hafslund ASA
- NORDIC BUSINESS REPORT-9 January 2007-RBS Nordisk Renting AB signs property deal with Norwegian utility Hafslund ASAC1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com The Sweden-based Nordic property company RBS Nordisk Renting AB said on Monday (8 January) that its Norwegian arm has acquired 15 properties in Oslo, Norway from Hafslund Varme og...
- Research articles 2007-01-09
- RBS adds eight bankers to European debt sales team.
- Byline: Vivek Ahuja Royal Bank of Scotland has recruited eight bankers to its debt capital markets sales team in Europe as part of a drive to strengthen its fixed income franchise.Mike Hardman joins RBS from JPMorgan Chase to co-head the UK credit sales team...
- Research articles 2003-07-24
- RBS to present offer for ABN Amro on Monday
- LONDON AFP — A European banking consortium led by Royal Bank of Scotland will present a formal takeover offer for Dutch bank ABN Amro on Monday, the chairman of ABN said on Friday. Earlier this week the three-bank consortium ramped up the cash part of its 71.1-billion-euro proposal for...
- Research articles 2007-07-20
- Sutherland to join RBS board
- PETER SUTHERLAND, a former director general of the World Trade Organisation, and chairman of Goldman Sachs International, is to join the board of Royal Bank of Scotland. Also joining is Bob Scott, who steps down as chief executive of CGNU, the insurance group, in March. Goldman Sachs was part of...
- Research articles 2001-02-02
- RBS in the frame to share stake in Bank of China
- Royal Bank of Scotland, the UK's second largest banking group, is one of the front runners to secure part of a 25 per cent stake in the Bank of China, according to a report in the Chinese press yesterday. RBS is believed to be poised to buy...
- Research articles 2005-08-09
- Ripening Mellon focuses on branding strategy; Since selling its high
- MELLON, what does it mean? If not a mis-spelt fruit to many Scots the name conjures up images of a venerable and slightly conservative New England bank. To others, the Mellon Financial Corporation is better known as the institution that sold its branches to the Royal Bank...
- Research articles 2002-05-05
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