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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
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
09/22/201418:54:36Minority Borrowers Feel Mortgage Pinch--Update 2
09/18/201418:31:58EUROPE MARKETS: Banks Climb After TLTRO, Siemens Slips: Europe's...
09/18/201418:21:33Fed Takes Action on Santander's U.S. Unit
09/15/201410:25:51Santander's Botin Pledges to Continue Father's Work--Update
09/15/201406:31:37Santander's Botin Pledges to Continue Father's Work
09/11/201410:00:04Ana Botín Will Have to Hit the Ground Running
09/10/201412:42:19EUROPE MARKETS: European Stocks Fall For Fourth Straight Day
09/10/201412:22:20EUROPE MARKETS: Swatch Falls, Kingfisher Climbs: Europe's Big...
09/10/201411:42:11EUROPE MARKETS: Santander Falls; Kingfisher Climbs: Europe's...
09/10/201411:13:52EUROPE MARKETS: European Stocks Slide For Fourth Straight Day
09/10/201410:37:28EUROPE MARKETS: European Stocks Slides For Fourth Straight Day
09/10/201408:50:53Santander Chairman Emilio Botín Dies Aged 79 -- 3rd Update
09/10/201408:20:24Moody's Cuts Outlook For Brazil's Major Banks
09/10/201408:06:11Moody's Cuts Outlook For Brazil's Major Banks to Negative From...
09/10/201407:17:44Santander Chairman Emilio Botín Dies Aged 79 -- 2nd Update
09/10/201405:40:08EUROPE MARKETS: Santander Slides; Kingfisher Climbs: Europe's...
09/10/201405:00:09Europe Shares Fall, Taking Cue From Asian Markets

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