Hints and tips:
...He famously advised Royal Bank of Scotland on its disastrous €72bn takeover of Dutch bank ABN Amro in 2007, a deal so bad (it led to the collapse of RBS) he apologised for it....
...One thing to start: The UK’s largest lenders — Lloyds, RBS, Barclays, HSBC, Santander and Standard Chartered — bowed to pressure from Britain’s top financial regulator and halted their dividends after they...
...Berry was built up by Apollo between 2003 and 2012, through 14 acquisitions. And it was loved by its creator for making lots of money when it was subsequently floated....
...It was also lined up for an equity stake in Williams & Glyn, the banking business that RBS was planning to IPO before the flotation was pulled last year....
...Within two days RBS, which had protested that it did not need more capital, was back at the Treasury....
...RBS and UBS are two considering offloading their investments, according to two people familiar with the matter. Both banks declined to comment....
...It was a press release headlined “Run-down of RBS non-core assets still going really well.” RBS shares were trading at 205p each. A tear ran down Lombard’s papery cheek....
...His departure as chief executive of CIT means a promotion for Ellen Alemany, a former chief executive of RBS Citizens Financial Group, who joined CIT’s board in January last year....
...At the same time as looking modern, RBS may also be pleasing its biggest shareholder....
...The long-time SG Warburg and UBS dealmaker played an important role in negotiating the departure of Stephen Hester as RBS chief executive last year and has been particularly influential in advising politicians...
...In October, private equity fund RBS Special Opportunities took Arrow Global public four years after buying it from a US debt purchaser....
...The sale by the insurer comes after several lenders – including RBS, Lloyds Banking Group and Co-operative Bank – have disposed of parts of their distressed property portfolios over the past couple of years...
...The buyers will work with RBS to maximise the value of the portfolio and are confident of achieving a valuation in excess of its £1.5bn book value....
...MPs step up campaign for break-up of RBS: “MPs are stepping up their campaign for a break-up of Royal Bank of Scotland amid suspicions in Westminster that RBS and Treasury officials will try to scupper a...
...The group made a failed bid to buy a package of retail branches from RBS. It was also beaten to the “good” part of Northern Rock by Virgin Money....
...Other bidders for the RBS branches include AnaCap, which has joined forces with US buyout group Blackstone, people with knowledge of the matter said....
...(Financial Times) Private equity keeps $789bn of powder dry: Private equity groups are holding more cash for acquisitions than they had at the height of the leveraged buyout boom, in spite of a fall in...
...(Financial Times) George Osborne is “determined” to resist splitting up RBS as a crucial month for the UK bank dawns....
...Bad-banking RBS, a PCBS side-track: Joseph picks up on some of the cons of creating an RBS bad bank, from the Parliamentary Commission on Banking Standards’ final report on Wednesday....
...With mergers and acquisition activity sluggish since the crisis, the size of the institutional loan market has fallen from €220bn in 2007 to €150bn last year, according to Credit Suisse....
...Depending on the final valuation of the portfolio, which carries the Williams & Glyn’s brand name, the takeover could end up being the biggest private equity acquisition yet of a British bank....
...But three of the five worst offenders overall were British: Barclays, Lloyds and RBS. The message seems pretty clear....
...So far, the RBS portfolio – which comes with the unused Williams & Glyn’s brand name – has failed to attract a bid from a mainstream bank or building society....
...The deal follows Sumitomo Mitsui Financial Group’s acquisition of RBS Aviation Capital for $7.3bn in January and highlights keen interest among Japanese financial institutions in the aircraft leasing business...
...RBS is considering suing a US technology supplier in response to last week’s retail software glitch....
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