The following corporate finance-related stories were reported by media: * State-backed Royal Bank of Scotland Group Plc is shuttering a distressed-debt unit as it continues to shrink its investment bank, Bloomberg reported, citing three people familiar with the matter.* Blackstone Group LP, KKR & Co LP and TPG Capital LP are in talks to settle a U.S. lawsuit accusing them of conspiring not to outbid each other and other takeover firms on takeovers of companies, two people familiar with the matter said on Thursday.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.47% or $0.16/share to $34.14. In the past year, the shares have traded as low as $21.30 and as high as $35.39. On average, 4959200 shares of BX exchange hands on a given day and today's volume is recorded at 10824226.
The Royal Bank of Scotland Group plc (RBS) is a holding company of a global banking and financial services group. Shares of RBS fell by 2.92% or $-0.33/share to $10.97. In the past year, the shares have traded as low as $9.60 and as high as $12.44. On average, 670384 shares of RBS exchange hands on a given day and today's volume is recorded at 669045.
Source
