StockMarketWire.com - Royal Bank of Scotland said it had agreed to acquire accounting software group FreeAgent for £53m. FreeAgent investors would receive 120p in cash per share, representing an 86% premium to their closing price …
Last autumn, RBS sold its stake in Euroclear, the financial markets infrastructure group, to the owner of the New York Stock Exchange. It was the latest in a lengthy tail of assets disposed of by the bank since it was rescued by …
The Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) reported attributable losses of £9 billion for 2013, worse than the consensus £7.2 billion, dropping tNAV 16% quarter on quarter from 431p to 363p, which means that RBS is …
Citizens Bank, which has not been for sale ... with one result an initial public offering of Citizens stock. It bailed out RBS during the 2008 financial crisis at a cost of nearly $73 billion. An offering of up to 25 percent of Citizens is one way …
Carrying off mergers and acquisitions and calling them growth? Yes. After buying British bank Natwest for about 26.4 billion pounds in 2000, Goodwin used RBS's cash and high-flying stock as a currency for more deals. Among the biggest was …
Rothschild said that by starting to sell its shares in RBS, the government would increase liquidity in the stock, making it more attractive to investors and sending a strong signal that RBS is on the road to recovery.
On the face of it, RBS (LSE:RBS) (NYSE: RBS.US) may not seem like it has the potential to be a super income stock. For instance, it hasn’t paid a dividend throughout the credit crunch and has made a loss in each of the last five years. …
RBS shares dived by as much as 8.2 per cent in early trade on Thursday, as investors fretted over news of Hester's departure. However, the stock clawed back some ground to finish at 315 pence, down 3.3 per cent on London's …
He says RBS will not rebrand the 300 plus branches till 2015, which implies the stock market listing can't be till late 2015 or even 2016. RBS had originally agreed to sell the branches to Santander for about £1.65bn, but the deal collapsed …
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or 16.0% of its common stock, at a public offering price per share of $26.00. RBS has also granted a 15% over-allotment option, under which the underwriters have a 30-day option to purchase an additional 12.9 million shares at the public …