Bank loans
FS Credit Real Estate Income Trust, Inc. (FS Credit REIT), a monthly NAV REIT, has completed the purchase of a diversified portfolio of senior loans from a commercial bank. The $351.8 million portfolio consists of 16 performing floating rate loans with an original weighted average loan-to-value of approximately 61%
Commercial banks
A group of around a dozen employees staged a demonstration outside the Royal Bank of Scotland's headquarters in Glasgow, calling for the bank to remain closed on traditional Scottish Bank Holidays. The move comes after the bank decided to open one third of its branches across Scotland on
Commercial banks
Staff at the Royal Bank of Scotland (RBS) went on strike today to protest the bank's decision not to pay them extra for working on the traditional Scottish holiday of January 2. Over a dozen bank employees gathered outside the RBS Glasgow head office in West George Street
Commercial banks
As Glasgow's shoppers flocked to the city's main shopping centres in the run-up to Christmas, cash machines across the city have seen a significant surge in withdrawals. According to figures from the Royal Bank, three machines in Glasgow - at Braehead, Sauchiehall Street, and Trongate -
Commercial banks
The Royal Bank of Scotland has acquired the bulk of Vickers Turbine Components from Rolls-Royce in a deal worth £74 million. The businesses being sold were part of Rolls-Royce's acquisition of the Vickers engineering group in 1999 and specialize in products for the automotive, aerospace, and industrial gas
Commercial banks
The nation's economy faces significant challenges as the strike paralyzes operations at two major banks, Kookmin and Housing and Commercial Bank, and the KOSPI and KOSDAQ indices close the year at all-time lows. The strike, which began on an unspecified date, has severely impacted the financial sector, with
Commercial banks
South Korean bank employees of Kookmin Bank and Housing & Commercial Bank (H&CB) were given an ultimatum by the government to return to work by Tuesday, failing which they would be replaced by unorganized employees. The strike, which entered its fifth day on Monday, was sparked by the
Commercial banks
Fifth Third Bank has further solidified its growing presence in Illinois by opening a new full-service Banking Center in Rolling Meadows, a northwest suburb of Chicago. This 13,215 square foot space will not only serve as the bank's first full-service location in the area but also as
Commercial banks
Clarica, a Canadian insurance company, has agreed to acquire the Group Retirement Services business of the Royal Trust Company and Royal Trust Corporation of Canada, subsidiaries of Royal Bank of Canada. This acquisition further underscores Clarica's objective of growth through strategic acquisitions, supporting its commitment to delivering enhanced
Commercial banks
The year 2000 is shaping up to be a record-breaking year for takeovers of UK publicly quoted companies, with bids worth £118 billion completed or announced so far, second only to the £168 billion recorded in 1999. The intense activity in the City has sparked a fierce battle for Abbey
Commercial banks
Lloyds TSB is expected to make a formal approach for Abbey National this week, following an informal initial approach last week that was valued at around £18 billion. The move comes as merger talks between Abbey National and Bank of Scotland enter their fifth week. A tie-up between the two
Commercial banks
Britain's Abbey National P.L.C. has rebuffed a takeover offer from Lloyds TSB Group, just as the bank was finalizing a merger with the Bank of Scotland. The rejection sets the stage for Lloyds to appeal directly to Abbey's shareholders, who may be more receptive
