Royal Bank of Scotland
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The 170-year-old travel group has agreed a 1.4 billion pounds ($2.26 billion) deal with lenders including Royal Bank of Scotland and Barclays, to extend the maturity of its bank loans to 2015
A promise from perhaps Rothschild or even the Royal Bank of Scotland might be worth something, whereas a promise from a shelf company is hardly worth the paper it’s written on
Key parts of the legislation appear to have been written by the Bank itself. We sent inspectors into the Financial Services Authority over publishing its report into the Royal Bank of Scotland and would not hesitate to do so again at the Bank of England.More quotes »
Newsday's coverage
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RBS shares rise on sale report; government denies
percent gain earlier.The Treasury said UK Financial Investments Ltd., which holds the government's stake of 82 percent in Royal Bank of Scotland Group and just under 40 percent of Lloyds Banking Group, meets with a range of possible investors, but was not Read more »
Around the web
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Anthony Hilton: Clearing up the mess at RBS is actually a perverse comfort in troubled times
annual meeting of Royal Bank of Scotland brought a reminder of just how over the top the behaviour of that bank became in the final days before its fall. The bank's no longer new chairman Sir Philip Hampton told shareholders that clearing up the mess was a 6/1/12 from The Independent Read more »
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RBS completes $7.3 bln aviation sale to SMFG group
June 1 (Reuters) - Royal Bank of Scotland said it had completed the $7.3 billion sale of its aircraft leasing business to a consortium led by Japan's Sumitomo Mitsui Financial Group (SMFG). The deal for RBS Aviation Capital, the world's fourth- largest aircraft 6/1/12 from Reuters Mobile Read more »
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Airbus Parent Weighs Formation of In-House Bank
under pressure from tougher regulations. In particular, European banks active in the aircraft-financing market, such as Royal Bank of Scotland, BNP Paribas, and Société Générale, have sold or radically scaled back their activities in the past 18 months.In from Wall Street Journal Read more »
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RBS Will Close Its German M&A Operations, Handelsblatt Reports
Bank of Scotland Group Plc will close down its German mergers and acquisitions division, which employs almost 20 people, to focus on its existing business with some 150 corporate clients in the country, Handelsblatt reported today, citing Ingrid Hengster, from Bloomberg.com Read more »
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Chairman defends RBS over mis-selling claims
allegations of banks mis-selling derivatives to small businesses are "not remotely comparable to the PPI problem", Royal Bank of Scotland's chairman Sir Philip Hampton told shareholders yesterday. But his vow of a "shift in culture" at RBS met with shareholder from Herald Scotland Read more »