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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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05/13/201514:19:00Worcester State and Santander Expand Study Abroad Program at...
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05/12/201515:21:00Alvernia And Santander Offer Programs To Help Prepare Students...
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04/30/201518:37:44ADR Shares End Lower; Baidu, Nokia Fall
04/30/201511:30:06HSBC to Pitch Brazil Unit to Prospective Buyers

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