Santander desists from purchase of 316 branches from Royal Bank of Scotland

Wednesday, October 17th 2012 - 04:43 UTC

Full article 4 comments

Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed. The Spanish bank pulled the plug on the sale, saying that the already-delayed deal could not be completed by the revised deadline. Read full article

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DanyBerger
Incompetent Britons cannot delivery a job just in time.
Why that have not surprised me?
Oct 17th, 2012 - 08:40 am - Link - Report abuse 0
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LightThink
Where is and what about Barclays Bank ?

It's gross exposures in Spain are ...

Residential Loans : £ 14.3 Billions
Corporate Loans : £ 5.4 billions
Other : £ 3.1 billions
Sovereign : £ 2.2 billions
Financial Institutions : £ 0.8 billion

Total : £ 25.8 billions.
Oct 17th, 2012 - 09:30 am - Link - Report abuse 0
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Ken Ridge
@1
More like Santander is struggling and using it as an excuse to pull out, that's the trouble with you latin folk, no balls.

@2
What has Barclays got to do with it? Please enlighten me as to the point your making.
Oct 17th, 2012 - 12:01 pm - Link - Report abuse 0
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DanyBerger
Meanwhile more bad news for Britain and its financial sector...

According with “Paul Tucker” the worst for UK banking sector still is be ahead. Scary isn’t it?

“The “worst may still be ahead” for Britain's banking sector, according to the Bank of England's deputy governor, as he warned that bank balance sheets were still not strong enough to withstand the “end-of-the-world risks” that still existed. “

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9615102/Paul-Tucker-worst-may-still-be-ahead-for-UK-banks.html
Oct 17th, 2012 - 07:34 pm - Link - Report abuse 0
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