Royal Bank of Scotland (RBS) has confirmed it will sell the 318 Williams & Glyn’s network of branches to Spanish banking giant, Santander for £1.65 billion. The majority of the branches are in the North West and will be turned into Santander banks, with the process expected to be completed by December...
Posted to
Finance
on 08-04-2010
Filed under: Bailout, All Financial News, Banking News, Royal Bank of Scotland, RBS, Santander, network, sale, European Commission, branches, North West, Williams & Glyn’s, punishment, December 2011
There is speculation that internet bank Egg is to be put up for sale by Wall Street banking giant, Citigroup.
According to Sky News, the bank will be looking for around £500 million for its internet banking arm and will launch a formal process next month.
Today, a spokesperson for Citigroup said: “We...
Posted to
Finance
on 08-03-2010
Filed under: Bailout, All Financial News, Banking News, losses, internet bank, Egg, Citigroup, speculation, US Government, Sky News
Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, has announced it has completed the sale of its metals, oil and European energy business, Sempra Commodities, to US investment bank, JP Morgan, in a $1.6 billion (£1.1 billion) deal.
Sempra, which is based in San Diego reported 2009 revenues...
Posted to
Finance
on 07-02-2010
Filed under: Bailout, All Financial News, Banking News, Royal Bank of Scotland, RBS, Santander, sale, JP Morgan, European Commission, state, Williams & Glyn’s, punishment, Sempra Energy, assets
Spanish bank giant Santander has today confirmed it has submitted an offer to buy Royal Bank of Scotland’s (RBS) Williams & Glyn’s network of branches.
The deal will give Santander approximately 1,645 branches, or 12% of the market, and cement its status as the second largest mortgage...
Posted to
Finance
on 06-18-2010
Filed under: Bailout, All Financial News, Banking News, Royal Bank of Scotland, RBS, Santander, network, order, European Commission, branch, UK presence, punishment, Williams & Glyn's