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The Royal Bank of Scotland Group plc (RBS)

  • Sep. 20, 2010, 8:37 AM
    Sempra Energy (SRE) and Royal Bank of Scotland (RBS) will sell Sempra Energy Solutions, the retail commodity marketing arm of RBS-Sempra Commodities, to Noble Corp. (NE) for $582M - $317M in cash plus debt assumption. The JV sold its metals and oil business to JPMorgan (JPM) in July, and is in advanced negotiations to sell the wholesale power and natural gas business - its final unit. (PR)
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  • Sep. 17, 2010, 7:55 AM
    RBS (RBS) reportedly reaches a deal to start a Chinese securities firm, after signing a memorandum of understanding with a local partner and filing for regulatory approval. The deal isn't final, but sources say it's likely to go forward, allowing RBS to manage domestic equity sales in China and boost its returns.
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  • Sep. 14, 2010, 5:55 PM
    Don't be fooled by the recent bounce in financial stocks, Louis Navellier warns. "High foreclosure rates and low lending rates are acting against the big banks," he says, urging investors to sell these 11 famous financials: STD, BAC, BCS, LFC, C, HBC, GS, JPM, LYG, RBS, WFC.
  • Sep. 14, 2010, 7:39 AM
    RBS (RBS) gets back to MBS, launching its first sale of mortgage-backed securities since the financial crisis. The £4.7B ($7.2B) issue will help RBS rebalance its funding sources, and bodes well for the broader asset-backed market whose rebound plays a critical role in the general economic recovery.
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  • Sep. 13, 2010, 7:03 AM
    The new Basel III rules could force banks, especially European ones, to raise more funds, but tighter capital expectations have largely been priced in to bank stocks already and the long window for full compliance is boosting shares premarket: C +0.9%, BAC +1.85%, WFC +0.9%, DB +3%, UBS +2.1%, RBS +3.15%, ING +2.5%, STD +2.4%, CS +3%, BCS +1.8%, LYG +3%.
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  • Sep. 2, 2010, 12:26 PM
    Royal Bank of Scotland (RBS) - the biggest state-controlled bank in the U.K. - will eliminate 3,500 jobs and close 10 offices, bringing its total number of job cuts to more than 20,000 in the past two years.
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  • Aug. 11, 2010, 9:05 AM
    Premarket gainers: CCME +10%.
    Losers: SATC -11%. CREE -10%. AIB -7%. ASML -6%. ALU -6%. ARMH -6%. MT -6%. IRE -6%. LYG -6%. PHG -6%. ABK -5%. STM -5%. RBS -5%. AIXG -5%. STD -5%. BCS -5%. BGU -4%. RGNC -4%. DB -4%. EVEP -4%. SI -4%. UBS -4%. ERIC -4%. NOK -4%. GNW -4%. CRUS -4%. STO -4%. RTP -4%. FRO -4%. ABB -4%. TOT -4%. YRCW -4%.
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  • Aug. 10, 2010, 7:39 AM
    Credit Suisse downgrades RBS (RBS) to Neutral from Outperform. "The next leg of the story, in our view, is capital. In the last 4 weeks, Basel amendments, interim results and fair value gains have increased our view of 2013 estimated capital by £8B." Shares -4.1%.
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  • Aug. 6, 2010, 8:57 AM
    Royal Bank of Scotland (RBS -0.2%) agrees to sell 80% of its stake in Global Merchant Services to a consortium of Advent International and Bain Capital for £1.7B in cash, and another £200M+ in contingencies. RBS says the divestment will result in a gain of £850M after costs. (PR)
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  • Aug. 6, 2010, 5:17 AM
    RBS (RBS): H1 net income of £9M ($14M), vs. consensus of a £47M loss and a £1.04B loss in H1 2009. A reduction in bad-loan provisions and writedowns helped the bank return to profitability for the first time since 2007. Net interest income rose to £7.2B from £6.9B as margins widened. Shares +1.6%.
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  • Aug. 4, 2010, 8:10 AM
    As expected, Santander (STD) agrees to buy 318 U.K. branches from RBS (RBS +0.6%) for about £1.65B ($2.6B).  The transaction will have a positive effect on Santander's earnings per share from the first year. (PR)
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  • Aug. 3, 2010, 7:31 AM
    RBS (RBS) is expected to announce, possibly as soon as today, the sale of a 318-branch network in the U.K. to Santander (STD) for as much as £2B ($3.2B). The purchase will let Santander continue its major U.K. expansion, pushing the bank ahead of HSBC (HBC) as the fourth-largest network in the country.
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  • Aug. 2, 2010, 7:50 AM
    As the first of the U.K. banks to report H1 earnings, HSBC's (HBC +5.1%) earnings beat is lifting the rest of the sector: BCS +3.9%, RBS +1.5%, LYG +6.7%, DB +1.6%, UBS +1.8%, ING +4.3%, STD +3%, CS +1.7%.
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  • Jul. 29, 2010, 11:31 AM
    Still not convinced that Europe debt concerns have eased post-stress tests? Libor is heading lower. (Euribor, on the other hand, is still floating upward.)
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  • Jul. 26, 2010, 11:20 AM
    The stress tests behind them, European banks turn to their next challenge: raising billions of dollars in long-term funding to finance new lending.
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  • Jul. 23, 2010, 10:18 AM
    Once the bank stress test hype ("enough to make people forget for a few hours that the world is bankrupt, but not enough for them to throw their life savings into the market with giddy fervor") abates, EU regulators might want to explain why Libor has been steadily climbing since April, and now stands at its highest point in a year.
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Company Description
Royal Bank of Scotland Group (The) PLC is an international banking and financial services company. The Company through its subsidiaries provides banking products and services to personal, commercial and large corporate and institutional customers.
Sector: Financial