Moody's Investors Service has today affirmed the Aaa/P-1/B+ ratings of the Royal Bank of Scotland plc and National Westminster Bank plc as well as the Aa1/P-1 ratings of the Royal Bank of Scotland Group plc RBS. The outlook on the Bank Financial Moody's...
Moody's today placed on review for possible downgrade the B+ Bank Financial Strength Rating and the Aaa senior debt and deposit ratings of Royal Bank of Scotland plc and the Aa1 senior debt rating of Royal Bank of Scotland Group plc RBS. The ban...
Jul 10, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Royal Bank of Scotland RBS investors are not convinced that the bank's bold acquisition strategy is wise. RBS's battle to acquire ABN Amro is still waging, and bank CEO Fred Goodwi Jul 10, 2007...
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...
While Royal Bank of Scotland's RBS figures revealed similar themes to those evident elsewhere in the sector - such as deteriorating credit quality and a slower retail market - they don't appear to be hitting RBS to the same degree. For example, th While Royal...
The Royal Bank of Scotland, which is moving the headquarters for much of its U.S. operations to Washington Boulevard in Stamford, wants to be a "good neighbor" in the words of architect Roger Ferris of Westport of the future building. For n The Royal Bank of...
Morgan Stanley agreed to pay $46 million to settle a class-action lawsuit brought on by eight current and former female brokers who said they were discriminated against in training, promotion, and pay. As part of the settlement , Morgan Stanley agreed to change the way it distributes new accounts, which...
Fortis, RBS and Santander (the "Banks") announce that their aggregate shareholding in ABN AMRO has been increased to 3.25% of voting rights through market purchases on Friday 10 August and Monday 13 August of a total of 40.76 million ABN AMRO ordinary shares at an average price of EUR 33.81.
Apr 16, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Barclays' $A190.8 billion merger deal with ABN Amro is in jeopardy as a trio of banks led by the Royal Bank of Scotland RBS spoils the deal. In mid-April 2007, RBS announced its sp ...
With the UK's banks beginning to struggle with a growing bad-debt burden - largely reflecting weakening credit quality in their UK consumer lending books - it came as a pleasant surprise to hear Royal Bank of Scotland RBS suggest that its credit qu With the UK's...
Admittedly, Royal Bank of Scotland's RBS shares have slipped a touch to 1,617p since we suggested buying them at 1,629p (12 August 2005). But that has more to do with jitters over the bank's plan, announced last month, for a strategic partnership w Admittedly, Royal Bank...
With Royal Bank of Scotland's RBS retail banking operation having managed a mere 2 per cent profit hike in 2006 to GBP2.3bn (rising to 5 per cent growth when wealth management profits are included), it's just as well that the group is rather more ...
Royal Bank of Scotland RBS continues to bolster its growth with more deals: with these results, it announced the $525m acquisition of Lynk Systems, an Atlanta-based company that processes business credit-card payments. Indeed, RBS has been boosting Royal Bank of Scotland RBS continues to bolster its...
1,629p - Banks - The Royal Bank of Scotland's shift into global banking's big league has been both fast and dramatic. After all, before acquiring NatWest in 2001 - a move now seen as a masterstroke - RBS was little more than a solidly performing, Sc...
Given the attrac-tions of ABN Amro's constituent parts, it is surprising that only two interested bidders have emerged: Barclays Bank and a consortium led by Royal Bank of Scotland RBS, which includes Santander of Spain and Fortis, the Belgian bank Given the attrac-tions of ABN Amro's...
Following the filing by ABN AMRO of its Form 6-K on 31 August 2007, including a reconciliation of IFRS net profit and shareholders' equity to US GAAP for the 6 months ended 30 June 2007, Fortis, RBS and Santander (collectively, the "Banks") have today publicly filed an amendment to the...
MILWAUKEE -- RBS Global, Inc. ("RBS Global") announced today that its indirect parent, Rexnord Holdings, Inc. ("Holdings") intends, subject to certain conditions, to enter into a six-year $400.0 million aggregate principal amount senior unsecured term loan facility (the "Holdings Loan Agreement") with Credit Suisse ("CS") as the initial lender, Credit...
After buying People's Bank's credit card division in March, The Royal Bank of Scotland RBS says it has settled into Bridgeport and is ready to expand its kingdom. Dennis Jones, president and chief executive officer of Royal Bank of Scotland's Br After buying...
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