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July 25, 2008 7:55:18 AM CDT

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Stories related to: Royal Bank of Scotland

Stories

10 Stories

  • June 2008

    • Barclays Seeks Liquidity With $8.85B Offering

      newser  |  Associated Press  |  Jun 25, 08 8:45 AM CDT

      Barclays Seeks Liquidity With $8.85B Offering

      Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the Qatar Investment Authority. More »

      Tags

      subprime crisis  • liquidity  • Barclays  • Royal Bank of Scotland  • stock offering

  • April 2008

    • Latest Credit Victim RBS Seeks $24B

      newser  |  Daily Telegraph (UK)  |  Apr 18, 08 9:34 AM CDT

      Latest Credit Victim RBS Seeks $24B

      Royal Bank of Scotland is preparing to issue new stock after conceding it was facing serious cash flow problems. After consulting with the Treasury and the nation's financial oversight authority, Britain's second-largest bank is planning a rights issue for around $24 billion to rebuild its capital reserves. The move may trigger a wave of other appeals for help, writes the Telegraph . More »

      Tags

      United Kingdom  • credit crisis  • Royal Bank of Scotland  • Financial Services Authority  • ABN Amro

  • March 2008
  • January 2008

    • SEC Opens ABN Amro Insider Trading Probe

      newser  |  CNN  |  Jan 23, 08 11:42 AM CST

      SEC Opens ABN Amro Insider Trading Probe

      The US Securities and Exchange Commission has opened an inquiry into possible insider trading surrounding last year's takeover of Dutch bank ABN Amro. Holland's Financieele Dagblad r eports that Fortis, Barclays, Santander, and Royal Bank of Scotland—which eventually won the bidding—have been asked for information about trading in ABN stock before and during the takeover battle. More »

      Tags

      mergers and acquisitions  • SEC  • insider trading  • Barclays  • Royal Bank of Scotland  • Banco Santander  • ABN Amro

  • October 2007

    • World's Biggest Bank Deal Ends in Breakup

      newser  |  Wall Street Journal  |  Oct 5, 07 8:15 AM CDT

      World's Biggest Bank Deal Ends in Breakup

      After months of counteroffers, court cases and credit crises, the battle to buy Dutch banking giant ABN Amro concludes today, with a break-up of the bank. The Wall Street Journal reports that a three-bank consortium led by the Royal Bank of Scotland will almost certainly win ABN Amro shareholders' approval of the $101 billion takeover. RBS fought Barclays to the end for the prize, but some observers are wondering whether it will regret the purchase. More »

      Tags

      mergers and acquisitions  • Royal Bank of Scotland  • ABN AMRO

  • September 2007

    • Banks Go Dutch on ABN Buy

      newser  |  Wall Street Journal  |  Sep 14, 07 5:33 AM CDT

      Banks Go Dutch on ABN Buy

      The race to buy Dutch bank ABN Amro is in the final stage—with a consortium led by the Royal Bank of Scotland apparently on the inside track ahead of  Barclays. The consortium has already won agreement from ABN and the Dutch government, but has yet to raise the $99 billion it needs for the purchase, the Wall Street Journal reports. More »

      Tags

      Merrill Lynch  • Bank of America  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • John Varley  • Banco Santander

  • July 2007

    • Barclays Selling Stake to Fund Bank Battle

      newser  |  Wall Street Journal  |  Jul 23, 07 5:56 AM CDT

      Barclays Selling Stake to Fund Bank Battle

      Barclays Bank is poised to sell a significant piece of itself to fund its bitterly contested takeover battle for Dutch bank ABN Amro, the Wall Street Journal reports. Barclays is close to a deal with Singapore's government-owned investment firm Temasek Holdings and another investor. A 10% stake is worth up to $9.6 billion.  More »

      Tags

      Barclays  • Royal Bank of Scotland  • ABN AMRO

  • May 2007

    • RBS Consortium Renews Bid for ABN Amro

      newser  |  Wall Street Journal  |  May 29, 07 9:02 AM CDT

      RBS Consortium Renews Bid for ABN Amro

      Refusing to take no for an answer, a coalition led by Royal Bank of Scotland today submitted a renewed $95.6 billion bid for ABN Amro. The offer overshadows a competing $86 billion offer from Barclays, but legal wrangling over the sale of LaSalle Bank continues to bog down the RBS group's proposal, the Wall Street Journal reports. More »

      Tags

      acquisitions  • merger  • bank  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • LaSalle Bank

    • ABN Turns Down RBS Spoiler Offer

      newser  |  Financial Times (UK)  |  May 7, 07 8:01 AM CDT

      ABN Turns Down RBS Spoiler Offer

      Dutch bank ABN Amro has rebuffed a $24 billion offer for its American nephew LaSalle, from a consortium led by the Royal Bank of Scotland. ABN says the bid was no better than a previous one from Bank of America, and that the Scots had ignored "repeated requests for clarification" on the deal's financing and other issues. More »

      Tags

      business  • bank  • Bank of America  • Royal Bank of Scotland  • ABN AMRO  • LaSalle

    • Dutch Court Blocks Bank Merger

      newser  |  Bloomberg  |  May 3, 07 1:47 PM CDT

      Dutch Court Blocks Bank Merger

      A Dutch court has blocked the sale of ABN Amro's LaSalle Bank, throwing Amro's proposed merger with Barclays into jeopardy. The move—which the court says is intended to protect shareholder interests—could spark a new bidding war over the Dutch bank, whose $87.5 billion proposed merger with Barclays has been slammed by shareholders as a lowball deal. More »

      Tags

      business  • bank  • Barclays  • Royal Bank of Scotland  • ABN AMRO  • LaSalle

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