Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) ended Monday session in red amid volatile trading. The shares closed down -0.05 points or -0.92% at $5.37 with 1.67 million shares getting traded. Post opening the session at $5.26, the shares hit an intraday low of $5.21 and an intraday high of $5.39 and the price vacillated in this range throughout the day. The company has a market cap of $32.40 billion and the numbers of outstanding shares have been calculated to be 11.76 billion shares.
Royal Bank of Scotland Group PLC (RBS) provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. The company operates through Personal & Business Banking (PBB), Commercial & Private Banking (CPB), Corporate & Institutional Banking (CIB), Capital Resolution, Williams & Glyn, and Central Items & Other segments. It offers various traditional retail banking products, including current and savings accounts, residential mortgages, credit cards, loan products, and investment services. The Royal Bank of Scotland Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.
Shares of Wells Fargo & Co (NYSE:WFC) ended Monday session in green amid volatile trading. The shares closed up -0.18 points or -0.37% at $48.54 with 35.59 million shares getting traded. Post opening the session at $48.37, the shares hit an intraday low of $47.98 and an intraday high of $48.64 and the price vacillated in this range throughout the day. The company has a market cap of $239.12 billion and the numbers of outstanding shares have been calculated to be 5.05 billion shares.
On September 6, 2016 The mergers & acquisitions (M&A) business in the Investment Banking & Capital Markets Group (IBCM) is one of the fastest growing segments across Wells Fargo Securities. In order to continue building on that success, the organization has made significant senior appointments to their advisory team to enhance their abilities to serve customers.
David DeNunzio has joined as head of the Global M&A group. Together with Sam Farnham, an IBCM veteran and head of M&A for the Americas, they will lead the advisory business, reporting to Rob Engel, head of the Investment Banking & Capital Markets Group. DeNunzio is based in New York with Farnham based in Charlotte.
“We have seen tremendous growth in our M&A business as clients increasingly seek strategic advice to enhance the value of their businesses,” said Engel. “Our recent successes have included advising Verizon in its purchase of Fleetmatics and Telogis, TransCanada on its acquisition of Columbia Pipeline Group and Krispy Kreme on its sale to JAB Beech. We will look to leverage David and Sam’s expertise and leadership to build and deepen client relationships.”
Engel added, “David brings with him depth of experience that spans 35 years in investment banking and all aspects of financial advisory work. Coupled with Sam’s breadth of knowledge across the Wells Fargo platform and the domestic and North American M&A markets, we can bring another level of advisory solutions and intellectual capital to our clients, while growing our M&A business in a thoughtful and disciplined manner.”