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INVP Investec Plc

510.00
8.50 (1.69%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Investec Plc LSE:INVP London Ordinary Share GB00B17BBQ50 ORD GBP0.0002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.50 1.69% 510.00 507.50 509.00 510.00 502.00 509.00 887,137 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 1.3B 292.79M 0.3267 15.56 4.56B

Royal Bank of Scotland Sells Lombard Loans for GBP150 Million -FT

03/01/2018 4:30pm

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Investec (LSE:INVP)
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--Royal Bank of Scotland (RBS.LN) agreed to sell a portfolio of Channel Island business loans for 150 million pounds ($168.8 million), about GBP50 million less than the previously reported price, the Financial Times reports.

--The bank's Lombard Finance division sold the assets to specialist lenders Investec and Shawbrook as part of its preparations for the U.K. 'ringfencing' regime that will be implemented next year, according to the FT.

--'Ringfencing' refers to new rules that require U.K. banks with more than GBP25 billion in deposits to protect retail businesses so losses in other units don't hurt depositors.

 

Full story: http://on.ft.com/2CCWVC7

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

January 03, 2018 11:15 ET (16:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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