TRLPC-Mizuho's RBS portfolio purchase tests loan relationships

April 2, 2015 6:44 PM

72 0

NEW YORK, April 2 (Reuters) - Mizuho Bank's purchase of Royal Bank of Scotland's US and Canadian loan portfolio in a deal worth $3 billion is causing a stir with banks and blue-chip borrowers in the US investment-grade loan market.

US companies are adjusting to the Japanese bank's push for a bigger role in North America, and second tier banks are poised to snap up ancillary business in areas where RBS has traditionally been strong.

Read more

To category page