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Royal Bank of Scotland Group PLC

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  • MADRID, Oct 3- Two Spanish investment firms with a majority stake in French property company Gecina have filed for bankruptcy on 1.6 billion euros of debt, a source with knowledge of the matter said on Wednesday. They hold have a combined 31 percent stake in Gecina, France's largest property company.

  • Spanish owners of Gecina file for bankruptcy - source Wednesday, 3 Oct 2012 | 4:01 AM ET

    MADRID, Oct 3- Two Spanish investment firms with a combined 31 percent stake in French property company Gecina. have filed for bankruptcy on 1.6 billion euros of debt, a source with knowledge of the matter said on Wednesday.

  • Oct 3- Royal Bank of Scotland Group PLC:. *Investec raises Royal Bank of Scotland Group PLC to hold from sell;. Reuters Station users, click. 1580.

  • UPDATE 4-Spanish investors in Gecina file for bankruptcy Wednesday, 3 Oct 2012 | 12:46 AM ET

    *Natixis, Banco Popular and Bankia highest exposure. By Carlos Ruano and Tracy Rucinski. MADRID, Oct 3- Two Spanish investment firms that own 31 percent of French property company Gecina have filed one of the biggest bankruptcy actions in Spanish history after a bank refused to refinance a 1.6 billion euro loan.

  • Big Banks Face Hardest Hit From Ringfencing Tuesday, 2 Oct 2012 | 11:58 PM ET
    E.U. Flags

    More than a dozen of Europe’s biggest banks face the upheaval and cost of building a ringfence around their trading activities if the findings of the EU-appointed Liikanen review are implemented. The likes of Deutsche Bank, Barclays and BNP Paribas are likely to be the hardest hit. The FT reports.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • Senator blames Geithner for costly suits over Libor Tuesday, 2 Oct 2012 | 5:18 PM ET

    Grassley's letter comes as the Justice Department, Commodity Futures Trading Commission and the United Kingdom's Financial Services Authority continue to probe whether banks colluded to manipulate the London interbank offered rate, which underpins trillion of dollars in contracts and loans-- from U.S. mortgages to Japanese interest-rate swaps.

  • *Regulators at European Commission to consider the proposals. Recommendations of the group, set up by the European Commission, aim to shield taxpayers from having to fund further bailouts and to protect savers from any more banking collapses after more than five years of crisis.

  • UPDATE 2-Talanx shares rise in IPO debut Tuesday, 2 Oct 2012 | 7:08 AM ET

    *Talanx CEO says no big takeovers planned in next 2 years. FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, inched higher on their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after dithering last month over the state of Europe's fragile IPO market.

  • BRUSSELS, Oct 2- Banks should separate deposit taking from trading and other high-risk investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday. The European Commission set up the group of experts, led by Bank of Finland Governor Erkki Liikanen, to examine bank structures.

  • TEXT-S&P summary: Ship Luxco 3 S.a.r.l. (Worldpay) Tuesday, 2 Oct 2012 | 6:28 AM ET

    Oct 02-=============================================================================== Summary analysis-- Ship Luxco 3 S.a.r.l.------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: B+/ Stable/B Country: United Kingdom Primary SIC: Computer related services, nec=============================================================================== Credit Rating History: Local currency Foreign currency 15- Aug-2011 B+/ B B+/ B 08- Sep-2010--/----/--=============================================================================== Rationale.

  • REFILE-UPDATE 1-Talanx shares rise in IPO debut Tuesday, 2 Oct 2012 | 5:12 AM ET

    *Shares rise in biggest German IPO since 2010* Talanx IPO eyed in run-up to British Direct Line IPO* Talanx CEO says no big takeovers planned in next 2 years.

  • UPDATE 1-Talanx shares rise in IPO debut Tuesday, 2 Oct 2012 | 5:07 AM ET

    *Talanx CEO says no big takeovers planned in next 2 years. FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, opened higher in their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after hesitating last month over the state of Europe's fragile IPO market.

  • *UBS cuts Lloyds Banking Group PLC to neutral from buy. *UBS cuts Barclays PLC to neutral from buy. Reuters Station users, click. 1580.

  • Talanx shares rise in off-again, on-again IPO Tuesday, 2 Oct 2012 | 3:31 AM ET

    FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, rose 4.1 percent in the first minutes of trading following their debut on the Frankfurt stock exchange, with the flotation seen as testing the health of Europe's fragile IPO market. Shares in the group started trading at 19.05 euros per share on Tuesday, higher than the offer price of 18.30 euros.

  • PRESS DIGEST - British business - Oct 2 Monday, 1 Oct 2012 | 9:21 PM ET

    A new hurdle to the 27 billion pound tie-up between BAE Systems and EADS was put up by the French on Tuesday as the country's largest industrial shareholder in EADS said that the 60-40 merger terms were unsatisfactory. Stephen Hester, chief executive of Royal Bank of Scotland, has admitted the institution is a "British poster child for what went wrong in banking".

  • EU advisers to urge structural reform for banks Monday, 1 Oct 2012 | 7:01 PM ET

    *European Commission to receive recommendations on Tuesday By John O'Donnell. Bank of Finland Governor Erkki Liikanen, who led the group of academics and experts set up by the European Commission, will announce their verdict on how best to reform bank structures in the wake of the crisis that began five years ago.

  • LONDON, Oct 1- Banks must undergo a wholesale change in their culture and refocus their behavior on meeting the needs of customers to restore trust in the industry, Stephen Hester, chief executive of part-nationalised Royal Bank of Scotland, said on Monday.

  • NEW YORK, Oct 1- UBS AG on Monday lost a bid to suspend a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.

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