Royal Bank Of Scotland (LSE:RBS)
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5 Years : From Apr 2012 to Apr 2017
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.
- 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; email@example.com