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.
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.
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