TITLE

RBS Woes Renew Talk of US Asset Sale

AUTHOR(S)
K. K. H.
PUB. DATE
December 2008
SOURCE
Mergers & Acquisitions Report;12/8/2008, Vol. 21 Issue 47, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the possible sale of noncore assets of the Royal Bank of Scotland Group. The British government was able to acquire a $23 billion stake, or 58% of RBS during the first week of December 2008. Analysts say that British regulators may require RBS to shed noncore assets, and its Citizens Financial Group in Providence, Rhode Island, would be the logical choice. RBS has already dispensed parts of its U.S. operations by agreeing to sell 65 Indiana branches to Old National Bancorp and 18 branches in New York to Community Bank System Inc.
ACCESSION #
35600922

 

Related Articles

  • RBS Woes Renew Talk On Citizens. Kuehner-Hebert, Katie; Davis, Paul // American Banker;12/3/2008, Vol. 173 Issue 232, p1 

    The article reports that the British government may force the Royal Bank of Scotland Group PLC (RBS) to sell its noncore businesses, including Citizens Financial Group, its subsidiary in the U.S. Analysts believe that Citizens would probably be very easy for RBS to sell in the U.S. because of...

  • U.K. Moves Could Point Way in U.S. On 'Too Big' Landy, Heather // American Banker;11/4/2009, Vol. 174 Issue 200, p1 

    The article discusses Great Britain's divestitures of the Royal Bank of Scotland Group Public Limited Company (PLC) and Lloyds Banking Group PLC as part of their support by taxpayers. Mervyn King, head of the Bank of England, believes solving the problem of big banks includes applying regulatory...

  • Advent, Bain Win Battle For RBS' WorldPay Unit. Lepro, Sara // American Banker;8/9/2010, Vol. 175 Issue 121, p5 

    The article reports that Royal Bank of Scotland Group PLC agreed to sell a majority stake in its processing business RBS WorldPay to private-equity firms Advent International Corp. and Bain Capital LLC as a result of conditions of the multibillion government bailout it received during the Global...

  • PE Showing Interest In RBS Portfolio.  // American Banker;10/6/2010, Vol. 175 Issue 154, p11 

    The article focuses on the sale of financial company Royal Bank of Scotland Group PLC's real estate loan portfolio, which has buyout firms Blackstone Group LP and Loan Star Funds among potential bidders for the sale.

  • RBS seeks md for Own Brand arm.  // Marketing Week;3/22/2001, Vol. 24 Issue 6, p8 

    Reports on Royal Bank of Scotland's search for its first managing director to head its Own Brand Business division. Creation of the division in January 2001; Job responsibilities.

  • RBS Group reviews digital agency roster. Levy, Katherine // Campaign;3/9/2012, Issue 10, p1 

    The article reports on the review of the digital agency roster held by Royal Bank of Scotland Group PLC for its main consumer banking brands.

  • Don't bank on it. Fanning, David // Management Accounting: Magazine for Chartered Management Account;May2000, Vol. 78 Issue 5, p24 

    Reports that criticism from the government and competition from Internet-based banks are pushing the retail banking industry in Great Britain to make changes. Government investigation into the banking system in Britain; Acquisition of National Westminster by Royal Bank of Scotland; Challenge...

  • Bidders vying for RBS branches. Milner, Leah // Money Marketing;2/11/2010, p26 

    The article reports on the expected bidders for more than 300 branches of Royal Bank of Scotland.

  • RBS Targets US Leveraged Market. Husband, Sarah // Bank Loan Report;12/3/2001, Vol. 16 Issue 46, p3 

    Reports that Royal Bank of Scotland is in the process of setting up a leveraged finance team for its New York-based office. European expansion of the bank that began in 1993; Acquisition of National Westminster Bank; Capital base of the bank; Strategies employed by the bank to meet the...

Share

Read the Article

Courtesy of

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics