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LONDON, Oct 11- DIRECT LINE:.
*RBS to sell 30 percent of Direct Line shares* RBS to raise 787 mln pounds from sale By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Royal Bank of Scotland set a price of 175 pence per share for the London listing of British insurer Direct Line, close to the middle of the range originally set and valuing the business at 2.6 billion pounds.
LONDON, Oct 11- Direct Line:. *Direct line CEO says share offer was "comfortably oversubscribed". *Direct line CEO says 15 percent of share offer bought by retail.
By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Royal Bank of Scotland set a price of 175 pence per share for the London listing of British insurer Direct Line, close to the middle of the range originally set and valuing the business at 2.6 billion pounds.
LONDON, Oct 11- Royal Bank of Scotland set a price of 175 pence per share for the stock market listing of insurer Direct Line, close to the middle of the range originally set and valuing the business at 2.6 billion pounds. Trading in the shares on the London Stock Exchange will begin at 0700 GMT on Thursday.
Oct 10- Fitch Ratings has affirmed RBS Securities Inc.' s' A-' Long-term Issuer Default Rating and' F1' short-term IDR. RBSSI is a wholly owned indirect subsidiary of The Royal Bank of Scotland Group plc. Today's rating action on RBSSI was taken in conjunction with Fitch's global trading and universal bank periodic review, which included the RBS Group.
Oct 10- Fitch Ratings has affirmed RBS Citizen's Financial Group's ratings. Today's rating action on CFG was taken in conjunction with Fitch's Global Trading and Universal Bank review. As part of this review, Fitch affirmed the Royal Bank of Scotland Group plc's.
LONDON, Oct 10- Royal Bank of Scotland will fix a price on Thursday for the stock market listing of insurer Direct Line at around the middle of the range originally set, market sources and a source close to the transaction told Reuters.
Oct 10- Fitch Ratings has affirmed The Royal Bank of Scotland Group's and The Royal Bank of Scotland Plc's Long-term Issuer Default Ratings at' A', Short-term IDRs at' F1', Support Ratings at' 1' and Support Rating Floors at' A'. The banks' Viability Ratings have also been affirmed at' bbb'.
*FPC member Jenkins says banks may need more capital* Industry says mixed messages on capital add to uncertainty* Lloyds shares up 4.5 pct, UK bank shares rise.
MOSCOW, Oct 10- Russian Railways continued its drive to raise 100 billion roubles of investment capital this year by adding 12.5 billion roubles to its outstanding seven-year Eurobond issue, one of the deal's arrangers told Reuters on Wednesday. Alongside VTB Capital, J.P. Morgan and Royal Bank of Scotland arranged both deals.
The decision is a boost to Direct Line, as the Royal Bank of Scotland- owned insurer battles to attract buyers to its listing on the London stock market.
JPMORGAN CHASE INC The U.S. bank has hired Ahmed Saeed from Nomura Holdings. The investment bank appointed Peter Young AM as chairman of Barclays Bank Plc. He was the chairman of investment banking in Australia and New Zealand at ABN AMRO and a member of the advisory board at Royal Bank of Scotland in Australia.
LONDON, Oct 10- British insurers on Wednesday welcomed a court decision on the timing of a planned increase in personal injury awards, saying it would save them 300 million pounds.
OSLO, Oct 10- Norway's $650 billion sovereign wealth fund and joint venture partner AXA France Insurance Companies have agreed to buy two properties in Germany for 784 million euros from the Royal Bank of Scotland, Norway's central bank said on Wednesday. The properties are located in Berlin and Frankfurt and are used mainly for office and retail purposes.
LONDON, Oct 10- Britain's financial regulator has relaxed capital and liquidity rules on banks in an effort to stimulate lending and boost the economy, lifting bank shares. The Financial Services Authority said on Wednesday the shift in policy was set out in the Bank of England's Financial Policy Committee in September, and banks were aware of the changes.
Capital and liquidity rules for the biggest UK banks have been quietly relaxed in an effort to stimulate lending, a move that puts Britain at the forefront of a global experiment to use bank regulation to moderate the economic cycle.
*IPO price range narrowed to 170- 177.5 pence- sources* RBS will sell a minimum 30 percent stake- sources By Matt Scuffham and Kylie MacLellan.
BRUSSELS, Oct 9- Traders who try to rig the Libor benchmark interest rate, stock indexes or oil prices would be sent to jail for a minimum of five years under rules backed overwhelmingly by an influential European Parliament committee on Tuesday.
*Moody's determines no negative rating impact on Dutch Mortgage Portfolio Loans VI B.V. following RBS's downgrade.