Items Tagged with 'Royal Bank of Scotland Group Plc'


  • 2009 Looks to be Rough Sledding, Some Banks Project

    New year, new hope? Not if you're JP Morgan Chase & Co. [stock JPM][/stock], UBS AG [stock UBS][/stock] or Royal Bank of Scotland Group Plc [stock RBS][/stock], apparently; the three banking beheamoths said in various ways on Tuesday that they expect continued pain from the global financial crisis to exact a toll through 2009.
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  • Option One Gets $350M Funding Boost for Servicing Ops

    In a filing with the SEC this morning, H&R Block said that its troubled mortgage unit Option One Mortgage Corporation had received an additional $350 million in funding for servicing advances from a unit of Royal Bank of Scotland Group, PLC. The tax preparation company, which has seen its financial fortunes sink under the wieght of mounting losses at Option One, said that Greenwich Capital Financial Products had increased a debt facility used to fund servicing advances from $400 million to $750 million.
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