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Brazil's Itau Unibanco Denies Talks to Purchase RBS's Citizens

SAO PAULO--Brazil's second-largest bank in terms of assets, Itau Unibanco Holdings SA (ITUB, ITU4.BR), denied Tuesday it was in talks to purchase Citizens, the U.S. unit of Royal Bank of Scotland Group PLC (RBS, RBS.LN). The bank "isn't negotiating the acquisition of Citizens, the U.S. arm of Royal Bank of Scotland, nor of any other American financial institutions, as there is no proposal or related document in this sense," Itau said in a statement. Itau said it is "always considering options to expand its operations in the financial market." On Sunday, the U.K.'s Sunday Times newspaper reported that Itau was considering making a bid for Citizens, but that it hadn't made any formal approach to RBS. The newspaper also suggested Itau might consider a bid for the U.S. units of two other European institutions, Societe Generale SA (GLE.FR) and Banco Santander SA (SAN, SAN.MC). Write to Matthew Cowley at matthew.cowley@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
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11/25/201415:57:39EUROPE MARKETS: Euro Stocks Climb As German Economy Logs Modest...
11/25/201415:56:29Santander CEO Marin to Be Replaced -- 3rd Update
11/25/201415:43:14Santander CEO Marin to Be Replaced -- 2nd Update
11/25/201415:36:25EUROPE MARKETS: German Economy Logs Modest GDP Growth; Stocks...
11/25/201411:16:00Standard Chartered Taps Santander's Euan Campbell for New Senior...
11/25/201407:51:42Santander CEO Marin to Be Replaced -- Update
11/25/201406:28:58Santander CEO Javier Marín to Be Replaced by CFO José Antonio Ã...
11/19/201411:35:14Switzerland's Eurofin in Process of Largely Shutting Down...
11/05/201407:00:08Enel to Float a Further Endesa Stake
10/31/201411:00:10BOE Sets New Capital Standards for Biggest U.K. Banks
10/29/201413:23:00Banco Santander SA 3Q 2014 -- Forecast
10/26/201408:17:07Spain's Liberbank Fails ECB's Stress Test
10/16/201410:32:36Polish Regulator Wants Market Newcomer to Buy GE's Local Bank
10/07/201415:25:48Correction to ECB Questions New Eurozone Banking Loophole Article
10/07/201412:10:06ECB Questions New Eurozone Banking Loophole
09/23/201418:17:35ADR Shares End Lower; AstraZeneca, Shire Shares Trade Actively
09/23/201418:06:22UniCredit CEO Confirms Bank to Enter Talks With Santander
09/23/201418:05:56UniCredit CEO Confirms Bank to Enter Exclusive Talks With Santander

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