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30th of December 2010
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News Tag: Williams & Glyn’s

August 6, 2010

RBS ready to sell WorldPay

by Kay Murchie
RBS ready to sell WorldPay
As part of its restructuring plan, the Royal Bank of Scotland (RBS) is preparing to sell its payment processing company, WorldPay, just days after it announced the sale of its Williams & Glyn’s branch network. Private equity firms, Advent International and Bain Capital, have been in talks to buy WorldPay since last month, according to sources. The deal, which could bring RBS £2.5 billion, ...




July 12, 2010

Santander acquires SEB’s German business

by Kay Murchie
”Santander
Spanish banking giant Santander has agreed to purchase Swedish bank SEB's German business for €555 million (£466.5 million). SEB, which is Sweden's third-largest bank in terms of market capitalisation, acquired its German retail banking business ten years ago and had planned to sell it in 2008. However, the sale was delayed due the global financial crisis. Meanwhile, the agreement includes all of SEB's 173 ...




June 18, 2010

Santander submits offer to buy RBS branches

by Kay Murchie
”Santander
Spanish bank giant Santander has today confirmed it has submitted an offer to buy Royal Bank of Scotland's (RBS) Williams & Glyn's network of branches. The deal will give Santander approximately 1,645 branches, or 12% of the market, and cement its status as the second largest mortgage loan provider. The Spanish bank already has a major UK presence after acquiring Abbey for ...