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Sunday, June 15, 2014

RBS courts private equity for Ulster Bank capital boost-report, (NYSE: MS)

State-backed British lender Royal Bank of Scotland is in talks with private equity firms over a plan for them to inject cash into its Irish arm, the Sunday Times reported, citing sources in London's City financial district. The newspaper said Warburg Pincus, CVC, KKR and Permira were among private equity groups examining the proposals.The plan would involve private equity investors boosting Ulster Bank's capital position, after which the division would be merged with another Irish bank.The new Ulster Bank would eventually float on the stock market, releasing capital for the private equity investors, the newspaper said.The Sunday Times added advisers at PwC acting on behalf of RBS had circulated an information pack among potential backers, while Morgan Stanley was also working on the proposed transaction.

Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.44% or $-0.14/share to $31.59. In the past year, the shares have traded as low as $23.83 and as high as $33.52. On average, 11455400 shares of MS exchange hands on a given day and today's volume is recorded at 8022255.