UPDATE 1-Santander pulls out of $2.7 bln UK RBS branches deal
By Steve Slater LONDON Oct 12 (Reuters) - Royal Bank of Scotland said Spain's Santander has pulled out of its 1.65-billion-pound ($2.65 billion) deal to buy 316 UK RBS branches in a blow to the...
View ArticleSantander set for RBS UK branches deal Tues -source
* Santander to buy 318 branches at premium to NAV -source * Final price will depend on NAV at time of completion * Business banking key market for Santander in UK LONDON, Aug 2 (Reuters) - Spain's...
View ArticleRBS sale of branches to Santander collapses
Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale,...
View ArticleBanking giant Santander is sole bidder for 300 RBS branches up for sale
Bid: Santander has offered around £1.5billion for 318 Royal Bank of Scotland branches Spanish banking giant Santander today confirmed its bid for more than 300 branches being sold off by the...
View ArticleSantander pulls out of deal for UK RBS branches
LONDON â Royal Bank of Scotland said Friday that Spanish bank Santander has backed out of its deal to buy 316 of RBS branches in the U.K., leaving the bailed-out bank looking for a new buyer. RBS,...
View ArticleRBS Keeps Options Open After Santander Fail
The chairman of Royal Bank of Scotland is confident the European Commission (EC) can be persuaded to rethink its demand that the bank sell off hundreds of its branches. Shares in the part-nationalised...
View ArticleBranson weighs up bid for 316 RBS branches
Taxpayer-backed Royal Bank of Scotland saw its shares come under pressure as investors weighed up the impact of its collapsed £1.65bn branch sale with Santander. The Spanish bank pulled the plug on...
View ArticleRBS shares head for fall after branch sell-off fails
City traders were bracing for Royal Bank of Scotland's shares to fall sharply when they open for trading this morning for the first time since the collapse of its proposed £1.7bn sale of 316 branches...
View ArticleVirgin Money chasing RBS branches
Virgin Money has emerged as a frontrunner in a small field of potential suitors to buy 316 branches from majority state-owned Royal Bank of Scotland, after Santander pulled out of a deal on Friday....
View ArticleNational Australia Bank abandons bid for RBS branches
The Australian bank pulls out of the deal to focus on expanding in Asia where it has been negotiating to buy Axa Asia Pacific Royal Bank of Scotland loses another bidder, National Australia Bank, to...
View ArticleSantander makes bid for RBS branches
Spanish bank Santander has submitted an offer to buy Royal Bank of Scotland's (RBS) Williams & Glyn's subsidiary. RBS is selling the unit and its 318 branches after the European Commission ruled...
View ArticleIslamic Scholars, ICE Futures Switch, RBS Suspension: Compliance
After at least five years of delays, Islamic finance experts in Saudi Arabia and Malaysia are renewing efforts to create common regulations for scholars. Malaysia’s International Shariah Research...
View ArticleVirgin Money mulls bid for 316 RBS branches: source
AFP - Richard Branson's Virgin Money is mulling a bid for 316 branches of the Royal Bank of Scotland, a source familiar with the matter said on Sunday, after the collapse of a deal to sell them to...
View ArticleRBS branch sale to Santander falls through
Another embarrassing blow for the 83%-state owned bank as deal to sell 316 Royal Bank of Scotland branches collapses Santander had been due to buy 316 Royal Bank of Scotland branches. Photograph:...
View ArticleVirgin to pounce on 316 RBS branches as Santander aborts £1.65bn deal
Virgin Money is among those linked with a bid for 316 Royal Bank of Scotland branches. The units are back on the market after long term suitor Santander walked from a £1.65 billion bid for the...
View ArticleSantander walks away from £1.7bn branch deal with RBS
Royal Bank of Scotland was sent back to the drawing board last night as a £1.65bn deal to offload 316 branches to rival lender Santander collapsed more than two years after it was struck. The surprise...
View ArticleUPDATE 3-Virgin Money heads slim field chasing RBS branches
* Santander pulled out of deal late Friday * RBS has received approaches from Virgin, others * U.S. private equity firm JC Flowers may enter fray - FT * RBS shares down 0.9 percent By Matt Scuffham...
View ArticleRBS shares fall as Santander withdrawal hits branch valuation
Analysts warn that Royal Bank of Scotland will have to accept a lower price for the 316 branches it had hoped to sell to Santander Santander had been due to buy 316 Royal Bank of Scotland branches....
View ArticleUPDATE 5-Virgin, Flowers head slim field chasing RBS branches
* Santander pulled out of deal late Friday * RBS has received approach from Virgin, others - sources * Private equity firm J.C. Flowers may enter fray - source * Any deal seen below 1.65 bln stg...
View ArticleUPDATE 2-RBS under pressure after collapse of branch sale
By Matt Scuffham LONDON Oct 15 (Reuters) - Shares of Royal Bank of Scotland are set to open lower on Monday following the shock decision by Spain's Santander to pull out of a deal to buy 316 branches...
View ArticleVirgin Money may buy RBS branches
Virgin Money has emerged as a frontrunner in a small field of potential suitors to buy 316 branches from majority state-owned Royal Bank of Scotland, after Santander pulled out of a deal today. The...
View ArticleRBS under pressure after collapse of branch sale
LONDON (Reuters) - Shares of Royal Bank of Scotland (RBS.L) are set to open lower on Monday following the shock decision by Spain's Santander (SAN.MC) to pull out of a deal to buy 316 branches from...
View ArticleManagers At RBS Condoned LIBOR Manipulation
Sept. 25 (Bloomberg) -- Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders...
View ArticleUPDATE 1-RBS under pressure after collapse of branch sale
By Matt Scuffham LONDON Oct 15 (Reuters) - Shares of Royal Bank of Scotland are set to open lower on Monday following the shock decision by Spain's Santander to pull out of a deal to buy 316 branches...
View ArticleRBS Might Seek to Keep Branches After Santander Deal Collapses
Royal Bank of Scotland Group Plc might seek to keep the branches it failed to sell to Banco Santander SA (SAN) after the Spanish lender abandoned the deal valued at about 1.7 billion pounds ($2.7...
View ArticleSantander is sole bidder for 300 RBS branches
• Long-time favourite to win auction now the only buyer • Spanish bank seeks further diversification in UK Santander already has a significant presence on the British high street. Photograph: Jason...
View ArticleRBS Managers Said to Condone Manipulation of Libor Rates
Royal Bank of Scotland Group Plc managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank has fired. In an...
View ArticleRBS suspends another trader over Libor
Royal Bank of Scotland has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor RBS suspends another trader. Photograph: Andy Rain/EPA Royal Bank of...
View ArticleRBS suspends rates trader boss amid Libor probe: FT
AFP - Royal Bank of Scotland has suspended its head of rates trading for Europe and Asia Pacific amid a company probe into the Libor interest rate fixing scandal, the Financial Times reported on...
View ArticleRBS Instant Messages Show Libor Rates Skewed for Traders
Royal Bank of Scotland Group Plc trader Tan Chi Min told colleagues the firm was able to move global interest rates, according to electronic messages the bank is trying to make secret. Transcripts of...
View ArticleSantander $2.7 billion deal for RBS UK branches collapses
LONDON (Reuters) - Spain's Santander (SAN.MC) pulled out of its 1.65 billion pound (US$2.65 billion) deal to buy 316 UK branches from Royal Bank of Scotland (RBS.L) late on Friday, dealing a sharp...
View ArticleManagers at RBS ‘got traders to rig Libor’
Liam Vaughan, Gavin Finch and Andrea Tan London and Singapore ROYAL Bank of Scotland (RBS) managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing...
View ArticleRBS Suspends Head Of Rates Trading
Royal Bank of Scotland has suspended its head of rates trading in Europe and Asia Pacific, the most senior employee to be put on leave so far as the bank investigates its alleged role in the interbank...
View ArticleRBS suspends senior trader in Libor probe - source
By Matt Scuffham and Anjuli Davies LONDON (Reuters) - Royal Bank of Scotland has suspended a senior rates trader as part of an internal probe into the setting of Libor and other interest rates, a...
View ArticleRBS Said to Suspend European Rates Trading Head in Libor Probe
Royal Bank of Scotland Group Plc suspended its head of rates trading for Europe and the Asia- Pacific region, the first senior manager to be put on leave as part of the lender’s probe into allegations...
View ArticleRBS suspends senior trader in Libor probe: source
LONDON (Reuters) - Royal Bank of Scotland has suspended a senior rates trader as part of an internal probe into the setting of Libor and other interest rates, a person familiar with the matter told...
View ArticleRBS could sue Santander as deal failure could cost bank £1bn
The Royal Bank of Scotland is considering suing Santander amid fears that its decision to ditch the deal buy 316 branches could cost the part-nationalised lender as much as £1bn. RBS could lose up to...
View ArticleRBS asks for more time to sell branches after deal collapses
Royal Bank of Scotland and the Treasury are preparing to lobby the European Commision to allow the taxpayer-controlled bank more time to sell 316 branches after a deal with Santander UK collapsed....
View ArticleRBS suspends senior trader in Libor investigation
Jezri Mohideen, head of rates trading, was suspended as the bank awaits a fine for its role in the rate-fixing scandal The Royal Bank of Scotland has sacked four traders for attempting to manipulate...
View ArticleRBS may sue Santander after branch deal collapse
Royal Bank of Scotland is considering suing Santander after the Spanish banking group pulled out of a deal to buy 316 of its branches, according to the Telegraph. Lawyers at RBS are ‘looking into the...
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