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Entries tagged "Royal Bank of Scotland Group plc"Lloyds Banking gains nod from EC, U.K.The U.K. bank appears to have negotiated its way through Brussels' regulatory minefield without triggering a major explosion and is on track to reduce its dependence on the U.K. government. Finance Layoffs: RBS and Corus BankThe latest rumors of layoffs are at Royal Bank of Scotland Group and Corus Bank. FSA, grudgingly, spells out stress testsThe regulator caves in to pressure from media outlets and politicians. U.K. begins work on banking exitsAs confidence in U.K. banks slowly returns, the government explores ways to reduce its shareholdings in Lloyds Banking Group and Royal Bank of Scotland. European banks tally Madoff lossesEuropean financial institutions on Monday tallied up billions of dollars of potential losses resulting from investment and trading exposures to the alleged $50 billion Ponzi scheme masterminded by New York investment adviser Bernard Madoff.... U.K. banks may need more state aidBank of England Governor Mervyn King was the bearer of bad news Tuesday as he told a parliamentary committee that U.K. banks may need yet more government capital. Lloyds TSB Group plc, takeover target HBOS plc and Royal Bank of Scotland Group plc have already agreed to take up to £37 billion ($55.4 billion) of state aid, while Barclays plc angered institutional investors by shunning the state and opting instead to raise £5.8 billion through two pricier securities issues to Middle Eastern backers. But King says the fundraisings may not be enough. He told a Treasury Select Committee that... Scottish roadblock to HBOS dealTwo prominent Scottish bankers are challenging HBOS plc's takeover by Lloyds TSB Group plc, which was worth £6.6 billion ($10.3 billion) as of Friday's close.... Royal Bank seeks more money, issues profit warningRoyal Bank of Scotland Group plc Tuesday launched a £20 billion ($32.2 billion) capital-raising as it warned on full-year profit.The Edinburgh, Scotland, bank became the biggest recipient of a government bailout package announced in October when it said it would place £15 billion of ordinary shares at 65.5 pence apiece in an issue underwritten by the state. It is also selling the government £5 billion of preference shares with a fixed rate of interest of 12%.... Will Barclays take Russian bank support?Thanks, but no thanks. That's what Barclays plc said to the U.K. government earlier this month when its peers, Royal Bank of Scotland Group plc, Lloyds TSB Group plc and HBOS plc, accepted a £37 billion ($58 billion) capital injection from the Treasury. "What we are protecting is a right to self-determination," Barclays CEO John Varley told investors on a conference call.... RBS, Lloyds and HBOS push for revision of bailout planRoyal Bank of Scotland Group plc, Lloyds TSB plc and HBOS plc, the three banks in which the government is proposing to take £9 billion ($15.6 billion) of preference shares, are asking the Treasury to revise the terms of its bailout plans, according to the Financial Times. They fear that the government's condition that they halt dividend payments to shareholders until the preference shares are bought back is driving down their shares prices, making it more likely the state will end up with large holdings in the banks by guaranteeing their fundraisings.... Goldman-led group paying $1.5B for ABN's private equity assetsThe $1.5 billion price tag finally leaked in ABN Amro Bank's sale of its private equity assets to a consortium led by Goldman Sachs Group Inc. ... Rabble Babble: Clear Channel chatterA settlement may be near for the litigation surrounding Clear Channel Communications Inc.'s $25 billion leveraged buyout. Citigroup Inc., Deutsche Bank AG, Morgan Stanley, Credit Suisse Group, Royal Bank of Scotland Group plc and Wachovia Corp. may agree to fund the buyout for $36 a share as part of a settlement of lawsuits pending in New York and Texas state courts, according to The Wall Street Journal. After the jump is a sampling of the chatter taken from the online message boards. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Royal Bank of Scotland Group plc." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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