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: http://www.telegraph.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Royal Bank of Scotland Grp. (RBS)
DateTimeHeadline
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
07/29/201503:30:09RBS Plans $2.2 Billion Citizens Sale
07/29/201503:20:23RBS to Raise $2.2 Billion From Citizens Stake Sale
07/28/201503:00:06Zurich Insurance Considering Offer for RSA
07/23/201511:33:51Royal Bank of Scotland In Further Disposal of Loan Portfolio
07/23/201502:54:50Royal Bank of Scotland Sells Loan Portfolio for GBP400 Million
07/21/201513:35:59Citizens Financial Group Reports 39% Profit Plunge-- 2nd Update
07/21/201509:31:03Citizens Financial Group Reports 39% Profit Plunge--Update
07/21/201508:40:09Citizens Financial Group Reports 39% Profit Plunge
07/21/201508:23:25Citizens Financial Group Reports 39% Profit Plunge
07/13/201504:42:32Derwent London Buying Acquisition of Aldgate Union
07/06/201517:47:37ADRs End Lower; Financial Firms Decline
06/30/201510:35:00Royal Dutch Shell: Voting Rights and Capital
06/23/201510:06:17RBS to Return Any Surplus Capital to Shareholders over Coming...
06/22/201502:10:41Two More Chinese Companies Join Hong Kong IPO Parade
06/19/201508:30:07China's Red Star Raises US$931 Million in Hong Kong IPO

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad