Royal Bank of Scotland Reorganizes GMB, GTS Divisions

Date : 05/01/2012 @ 1:55PM
Source : Dow Jones News
Stock : Royal Bank of Scotland Grp. Plc New (The) Ads (RBS)
Quote : 6.84  0.3 (4.59%) @ 4:24PM

Royal Bank of Scotland Reorganizes GMB, GTS Divisions

Royal Bank Of Scotland (LSE:RBS)
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Royal Bank of Scotland Group PLC (RBS.LN) said Tuesday that it had reorganized its global banking and markets, or GBM, and global transaction services, or GTS, divisions as part of a reorganization that was announced in January.

MAIN FACTS:

- The 'Markets' division will maintain its focus on fixed income, with strong positions in debt capital raising, secularization, risk management, foreign exchange and rates; will serve the corporate and institutional clients of all Group businesses.

-GBM's corporate banking business has combined with the international businesses of the GTS arm into a new 'International Banking' division which provides clients with a 'one-stop shop' access to the Group's debt financing, risk management and payments services.

-This international corporate business will ultimately be self-funded through its stable corporate deposit base.

-The domestic small and mid-size corporates currently served within GTS will be managed within RBS's domestic corporate banking businesses in the U.K., Ireland, Ulster Bank, and the U.S., U.S. Retail & Commercial.

-Shares closed Tuesday at 25.3 pence valuing the company at GBP15.18 billion.

-By Rory Gallivan, Dow Jones Newswires; 44-20-7842-9411; rory.gallivan@dowjones.com




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