{"id":26511,"date":"2012-01-11T03:00:05","date_gmt":"2012-01-11T08:00:05","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/01\/11\/royal-bank-of-scotland-to-close-cash-equities-unit\/"},"modified":"2012-01-11T03:00:05","modified_gmt":"2012-01-11T08:00:05","slug":"royal-bank-of-scotland-to-close-cash-equities-unit","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/11\/royal-bank-of-scotland-to-close-cash-equities-unit\/","title":{"rendered":"Royal Bank of Scotland To Close Cash Equities Unit"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"540\" height=\"300\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vd761819161d70bc5c56758b4f2a7da1ff887e239&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vd761819161d70bc5c56758b4f2a7da1ff887e239&#038;tgt=grabnetworks\"\/><\/object><\/div>\n<\/p>\n<p>Bloomberg reports, citing the Times of London that due to small and irregular profits, Royal Bank of Scotland (NYSE:RBS) has plans to close its cash and equities unit.The Times also notes that the bank hasn&#8217;t found a buyer for the whole equities unit, Jeffries (NYSE:JEF), Oriel Securities and Numis Corp are interested in buying Hoare Govett, its small corporate equities broking division.Royal Bank of Scotland is currently below its 50-day moving average (MA) of $6.70 and below its 200-day MA of $9.86.<\/p>\n<p><img src='http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/11\/0_kkw6hd4m_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/cache.thenewsroom.com\/financial_news_network\/2012\/01\/11\/0_kkw6hd4m_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg reports, citing the Times of London that due to small and irregular profits, Royal Bank of Scotland (NYSE:RBS) has plans to close its cash and equities unit.The Times also notes that the bank hasn&#8217;t found a buyer for the whole equities unit, Jeffries (NYSE:JEF), Oriel Securities and Numis Corp are interested in buying Hoare &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/11\/royal-bank-of-scotland-to-close-cash-equities-unit\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Royal Bank of Scotland To Close Cash Equities Unit&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26511","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26511"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26511\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}