ADVFN - Advanced Financial Network.
HOME» NYSE » R » RBS Stock Price » RBS Stock News

Royal Bank of Scotland Grp. Share News

 Royal Bank of Scotland Grp. Stock Price
RBS Stock Price
 Royal Bank of Scotland Grp. Stock Chart
RBS Stock Chart
 Royal Bank of Scotland Grp. Stock News
RBS Stock News
 Royal Bank of Scotland Grp. Company Information
RBS Company Information
 Royal Bank of Scotland Grp. Stock Trades
RBS Stock Trades

UK Banks Face Losses On GBP112 Million Of Debts To Luminar - Newspaper

LONDON--Lloyds Banking Group (LYG), Royal Bank of Scotland Group PLC (RBS) and Barclays PLC (BCS) are set to make "significant" losses on aggregate debt of GBP112 million to Luminar PLC which collapsed into administration last year, the Daily Telegraph reports Tuesday. The creditors pulled the plug on the nightclub operator after it racked up losses of almost GBP200 million and was hit by a surge in youth unemployment, the paper adds. In a report filed at Companies House, the company's administrators Ernst & Young said that "it is still estimated that secured creditors [the banks] will experience a significant shortfall following distribution of the net fixed and floating charge realisations from the administration," the paper reports. In the report the administrator said the three banks were owed GBP112.4 million between them. Newspaper website: -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Royal Bank of Scotland Grp. (RBS)
10/08/201514:58:00Deutsche Bank: Tip of the Iceberg for Cutbacks at European Banks?
10/01/201510:50:00Wall Street Banks in Credit Swaps Settlement
09/30/201507:12:00Italian Non-Performing Loan Portfolios Attract At Least 7 Bidders...
09/10/201518:20:00Citigroup Names New Treasurer
09/10/201504:31:00RBS Sells Corporate Loan Commitments Portfolio for GBP498 Million
08/12/201514:30:45Citizens Bank Fined for Failing to Credit Consumers for Full...
08/06/201503:58:31Royal Bank Of Scotland Prices $3.15 Billion of Bonds
08/04/201504:10:06U.K. Sells 5.4% Stake in RBS
08/04/201504:01:13U.K. Sells 5.4% Stake in RBS -- 2nd Update
08/04/201503:40:21U.K. Sells 5.4% Stake in RBS -- Update
08/04/201502:53:13UK Financial Investments Sells 5.4% of RBS
08/03/201513:32:34U.K. Treasury Begins RBS Privatization -- Update
08/03/201512:58:15U.K. Treasury Begins RBS Privatization
08/03/201509:10:03U.K. Treasury Sounds Out Investors Over RBS Privatization
08/03/201509:01:15U.K. Treasury Prepares for Royal Bank of Scotland Privatization
07/30/201509:00:16Global Markets Waver as Investors Eye Earnings
07/30/201504:40:22Global Stocks Rise on Upbeat Earnings
07/30/201504:04:32RBS Warns of Long Wait for Dividend Despite Rise in Profit...
07/30/201503:20:09RBS Posts Rise in Profit
07/30/201502:54:56RBS Posts Rise in Profit as Retrenchment Continues

Royal Bank of Scotland Grp. and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations