royal bank of scot-spon adr (RBS) Key Developments
SuperGroup Appoints Penny Hughes as Non-Executive Director with Effect from 1 April 2015
Mar 26 15
As required by Listing Rule 9.6.14 (2), The Royal Bank of Scotland Group plc (RBS) announced that Penny Hughes, a Non-executive Director of RBS has been appointed a Non-executive Director of SuperGroup Plc, with effect from 1 April 2015.
ANZ Eyeing RBS Assets
Mar 25 15
Australia & New Zealand Banking Group Limited (ASX:ANZ) (ANZ) may acquire Asia-Pacific assets from The Royal Bank of Scotland Group plc (LSE:RBS) (RBS). Head of ANZ, Andrew Geczy stated, “I'm interested in looking at their assets across the region. There's opportunities that happen as many of the European and American banks retrace back home.” RBS is looking to sell or wind down its Asia corporate banking business under a plan code-named Project Brown, a person familiar with the process said in February 2015. RBS Asian business is being offloaded through Morgan Stanley based in London and Hong Kong.
RBS Plans To Spin Off Williams & Glyn's Network
Mar 24 15
The Royal Bank of Scotland Group plc (LSE:RBS) plans to spin off its Williams & Glyn's Bank Limited network of 314 branches in Britain by the end of 2016. European regulators have ordered RBS to dispose of Williams & Glyn as a condition of the bailout.
RBS To Cut Stake In Citizens Bank
Mar 24 15
The Royal Bank of Scotland Group plc (LSE:RBS) plans to sell around $3 billion worth of shares in the Citizens Financial Group, Inc. (NYSE:CFG), taking its stake in the company below 50%. The bank will sell up to 132.25 million shares in Citizens, which RBS floated last year in the biggest US bank IPO of all time. The bank has to dispose of Citizens entirely by the end of next year as a condition of receiving state aid in 2008. On March 23, 2014, as a 180-day lock-up of Citizens shares expired, RBS said that it planned to sell 115 million shares, or 21% of the bank, in a placing that is expected this week. It plans to sell an additional 17.25 million shares over the following 30 days.
Royal Bank of Scotland Reportedly Mulls Sale Of Majority Stake In Citizens Financial Group
Mar 23 15
Morgan Stanley (NYSE:MS) and Goldman, Sachs & Co. reportedly seeking acquisition of stake in Citizens Financial Group, Inc. (NYSE:CFG) from The Royal Bank of Scotland Group plc (LSE:RBS). The Royal Bank of Scotland plans to exit its majority ownership position in Citizens Financial Group. RBS plans to sell about 115 million shares of Citizens Financial (NYSE: CFG), reducing its ownership stake from 70.3 % to 49.3%. If the underwriters' group, led by Morgan Stanley and Goldman, Sachs & Co., exercises in full an overallotment option to purchase up to 17.25 million shares, The Royal Bank of Scotland's position in Citizens will decline to 46.1%.