Reuters – UK’s Nationwide Eyes RBS Branches

UK financial services group Nationwide is interested in bidding for 316 branches being sold by Royal Bank of Scotland to speed up its expansion into lending to small and medium-sized businesses, writes Reuters. A 1.65-billion-pound ($2.6 billion) deal to sell the branches collapsed last month after Spanish bidder Santander said the process of carving out the business had proved more difficult than expected, writes Reuters.

Vision Capital Acquires Vitopel

Vision Capital has acquired Vitopel from funds advised by DLJ Merchant Banking Partners and J.P. Morgan Partners. Vitopel is a producer of BOPP (bi-axially oriented polypropylene) film in Latin America, generating over $300 million of revenue in 2011. As part of the transaction, Vision Capital completed a debt restructuring led by Vitopel’s existing creditors, Credit […]

Santander In Talks To Buy Sovereign

MADRID (Reuters) – Spain’s largest bank Santander is in talks to buy U.S. bank Sovereign Bancorp Inc, but that no deal has yet been reached, Santander said in a statement on Monday.   A source familiar with the matter said late on Sunday the Spanish bank was in advanced talks to acquire full control of […]

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