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Mizuho to purchase RBS loan portfolio for $3B

Feb. 26, 2015 6:45 AM ETMizuho Financial Group, Inc. (MFG) StockMFG, NWGBy: Yoel Minkoff, SA News Editor
  • Mizuho Financial Group (NYSE:MFG) has agreed to buy Royal Bank of Scotland's (NYSE:RBS) U.S. and Canadian loan commitments in a deal worth $3B.
  • The deal is likely to close around the middle of the business year starting in April.
  • RBS -3.5% after posting its seventh straight annual loss earlier this morning.

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