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RBS takeover offer for the Indian operations of HSBC Asset resistance and long thin channel
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Royal Bank of Scotland (RBS) in the arm for survival drama continues. According to foreign news that RBS is a recent in-depth negotiations with HSBC, HSBC intends to sell its Indian operations. This continued intermittently for several months of negotiations, is expected to be completed in a few weeks. If successfully completed, it will be RBS self-redemption is a big move. RBS spokesman said the bank asset size reduction, increased security has made significant progress; since February 2009 has announced the strategic plan, the bank has withdrawn, or sold more than 20 businesses. June 17, HSBC just to cap the price of $ 52,000,000, RBS bought the retail banking business in Kazakhstan. It is reported that, RBS is also expected at the end of this month to sell its Chilean operations. The old British bank in October 2007 due to the acquisition of ABN AMRO and Rehuoshangshen, resulting in the 2008 financial crisis, the huge loss of 24.1 billion pounds, a record loss in UK corporate history the most, of which 162 million pounds of losses exchange resulting from the acquisition of ABN AMRO's asset impairment. In 2009, the situation is slightly better, but still loss of 3.6 billion pounds. Mutilated bear the brunt of Asia under the huge loss in 2008, February 2009, RBS had to launch restructuring plan assets will be stripped of troubled business to a non-core business units, and is ready to be phased out in 3-5 years or disposal of these business. These operations of the Group's total assets equivalent to about 20%, about 540 billion pounds, including 240 billion pounds of third-party assets of 145 billion pounds of assets and derivatives, 155 billion pounds of \The bank then commissioned Morgan Stanley to its retail and corporate banking business in Asia to find a buyer. Since then,[link widoczny dla zalogowanych], RBS will step on the \business reduced. Which bear the brunt of Asia,[link widoczny dla zalogowanych], Mainland China, Hong Kong,[link widoczny dla zalogowanych], China Taiwan, India, Indonesia, Malaysia, Singapore and Pakistan, part of the business have been included in the scope of the mutilated. January 2009, RBS sell all shares held by Bank of China, 2.4 billion dollars cash, and the full termination of their strategic cooperative relations. This was seen as a precursor to the Asian market RBS withdraw. But then the road does not seem to sell well, HSBC, Standard Chartered and ANZ Bank have indicated their interest in Asia; but the whole disc sales program has not been approved by multi-national regulatory authorities, RBS reluctantly decided to divest. August 2009, RBS announced the price of $ 550,000,000, will be located in Hong Kong, Taiwan, Singapore and Indonesia, retail banking and commercial banking, as well as in Taiwan, the Philippines and Vietnam GBM and GTS sold to ANZ Bank. And is expected to receive regulatory approval, if successful, fair in 8-13 months to complete. However, the bank has not yet announced the completion of the transaction. Through this transaction, RBS ANZ Bank in these areas will be 54 branches and 32 billion dollars in loans and 7.1 billion in deposits and 200 million customers. Spin-off effect is not smooth, RBS's divestment plan is full of uncertainty. August 2009, RBS entered into an agreement with Pakistan MCB Bank, which will pay $ 87,000,000 99.37% stake acquisition of the former Pakistani business (formerly ABN AMRO's local operations), and is expected to approve if passed, the transaction will be in 2009 In the fourth quarter. However, by the end of 2009 has not yet approved, RBS had announced in January this year, trading abortion. June 16 this year,[link widoczny dla zalogowanych], RBS was to restart the sale of its business plan of Pakistan, Faysal Bank on the same day signed an agreement with a price of 41 million euros, the price is lower than in August 2009 by 40%. So far, RBS plans to sell in Asia, there is still China, India and Malaysia, the business has not been determined buyers. HSBC, Standard Chartered and ANZ compete with each other in the RBS had three Asian business, ANZ is now more than half have been purchased, only the rest of HSBC and Standard Chartered are still hesitant. According to market sources, because of the price difference is too large, in October 2009 came the acquisition of Standard Chartered Bank remaining RBS Asia (including China, India and Malaysia) of the transaction fell through. According to reports, Standard Chartered is willing to pay a price for the 200 million -2.5 million, but \Therefore, HSBC and RBS have returned to the negotiating table. For the business in mainland China, RBS Global Banking and Markets CEO John Hourcian has said the sale completed in the RBS retail banking and SME banking business and get regulatory approval after the two banks will be completed soon and the GTS business GBM integration work, including ABN AMRO Bank (China) changed its name to RBS (China). RBS Global Banking and Markets, Vice President Marco Mazzucchellli the world has told this newspaper that, \speed and size of the sale of assets for disposal of the huge hole in the RBS is undoubtedly inadequate. November 2009, the British Ministry of Finance once again to its 25.5 billion pounds capital injection, together with the earlier injection, the British Ministry of Finance has a total of 45.5 billion pounds to its capital injection of its shareholding to 84.4%, and require it to sell its next 318 UK-based branch, to give 14% of the retail banking market share. In addition to the sale outside Asia, RBS sold the business in Europe, larger. According to the bank 2009 annual report disclosed that a total reduction of its 2009 portfolio of non-core business assets 122 billion pounds. April 2009, RBS will hold a Spanish insurance joint venture Linea Directa Aseguradora 50% stake sold to partners, Bankinter, a price of 426 million euros. Since then, the bank only in the United Kingdom, Germany and Italy operate the insurance business. January of this year, then the price of 84.7 million pounds sold to Aberdeen Asset Management's assets under management of certain funds. February, to 1.7 billion JP Morgan Chase acquired with Sampla Energy (Sempra Energy) joint venture RBS Sempra's commodity trading non-US assets, including the global oil and metals, energy and natural gas business in Europe. Into May and June, RBS has accelerated the rate of asset sales. May, with General Electric Capital (GE Capital) reached an agreement to its RBS Factor SA in France to sell. RBS completely out of the European continent since the factoring business. June, in addition to the business sold to Pakistan, Faysal Bank, will be sold to retail banking in Kazakhstan outside HSBC, RBS's retail banking business will also sell the United Arab Emirates to Abu Dhabi Commercial Bank, the retail price for the completion of the transaction banking business The net asset value plus a 169 million UAE dirhams. End of the year in 2009, the retail banking business, net asset value of about 200 million UAE dirhams. However, the continuous sale of assets in terms of the RBS is still only a drop in the bucket. After the 2008 and 2009, a total of 27.7 billion pounds, after the huge loss, the bank has yet to turn around. Its 2010 first quarter net loss of 248 million pounds still, although higher than the same period in 2009, a greater narrowing of 902 million pounds.

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