DealBook: R.B.S. Sells Pub Business to Heineken
Punchbowl LondonThe Punch Bowl in London is part owned by Guy Ritchie, the movie director and Madonna’s ex-husband. LONDON — The Royal Bank of Scotland announced Friday the sale of its British pub...
View ArticleDealBook: More European Bank Loan Sales Expected
11:45 a.m. | Updated LONDON – At the start of 2013, European banks are cleaning out their closets. The Continent’s largest financial institutions, including HSBC and Deutsche Bank, are expected to sell...
View ArticleDealBook: Hilco Takes Control of Music Retailer HMV
Philippe Lopez/Agence France-Presse — Getty ImagesStudents listen to CDs in a HMV store in Hong Kong. 12:04 p.m. | Updated LONDON – The private equity firm Hilco Consumer Capital has bought the debt of...
View ArticleDealBook: Osborne Promises More Regulatory Power to Split Up British Banks
Stefan Wermuth/ReutersBritain’s chancellor of the Exchequer, George Osborne, spoke on Monday in Bournemouth, on the south coast of England. LONDON – British regulators will have the power to split up...
View ArticleDealBook: As Losses Mount, R.B.S. Unveils Plan to Sell Assets
Facundo Arrizabalaga/European Pressphoto AgencyA branch of the Royal Bank of Scotland in London. LONDON – The Royal Bank of Scotland, hammered by losses, announced plans on Thursday to sell assets and...
View ArticleReport Urges Lifetime Ban for Former HBOS Chiefs
LONDON — A “colossal failure” of three top managers was to blame for the collapse of the British mortgage lender HBOS in 2008, a parliamentary review concluded Friday, increasing pressure on regulators...
View ArticleDealBook: Senior R.B.S. Executive in Japan Expected to Resign in Libor Scandal
Peter Macdiarmid/Getty ImagesJapanese authorities are seeking to punish Royal Bank of Scotland over its role in manipulating benchmark rates. LONDON – A senior executive at the Royal Bank of Scotland’s...
View ArticleDealBook: Chief of Unit Overseeing Britain’s Bailout Investments Resigns
LONDON – Jim O’Neil, who has been in charge of the British government’s stakes in Royal Bank of Scotland and the Lloyds Banking Group, resigned on Thursday to return to Bank of America Merrill Lynch....
View ArticleDealBook: Co-operative Bank Turns to Bondholders to Fill Capital Shortfall
LONDON – The British lender Co-operative Bank announced plans on Monday to raise an additional £1.5 billion ($2.4 billion) to replenish a capital shortfall. Under the terms of the deal, junior...
View ArticleChina’s Credit Squeeze Relaxes as Interest Rates Drop
The central government made no official announcement on the situation, and it was unclear whether policy makers had intervened, but short-term interest rates fell sharply Friday from a day earlier,...
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