Go to Investment Week homepage
  • Site search
  • Job search
  • Subscribe
  • Newsletter
  • Mobile
  • RSS
  • Home
  • News
  • Opinion
  • Fund Manager Views
  • Interviews
  • Sector Analysis
  • Features
  • Events
  • Audio/Video
  • Jobs
  • Research Centre
  • Share Centre
  • About us
  • Contact us
  • Advertise
  • UK
  • Global
  • Fixed Income
  • Managed
  • Specialist
  • Markets
  • Goslings Grouse
  • Contrarian Investor
  • Leader
  • The Alchemist
  • The Big Interview
  • Fund Manager Focus
  • Funds to watch (RADAR)
  • Practical
  • Technical
  • The Big Question
  • Conjecture
Where am I? breadcrumbs arrow image Home breadcrumbs arrow image  News breadcrumbs arrow image Investment breadcrumbs arrow image Global breadcrumbs arrow image US

NEWS - US

Buffett eyes RBS insurance arm

30 Aug 2010 | 16:56
Hysni Kaso

Categories: US

Topics: Rbs | Warren buffett

warren-buffett-1
  • Tweet

Warren Buffett’s Berkshire Hathaway has emerged as a possible bidder for the Royal Bank of Scotland’s Direct Line insurance business.

RBS has been ordered by the European Commission to offload its insurance operations by 2013 after the bank was forced to accept Government bailout funds.

Berkshire Hathaway, Buffett's investment vehicle, is believed to be a potential bidder for the business, alongside US insurer Allstate.

RBS is understood to be considering a sale of the division, which includes the Churchill brand, rather than proceeding with a floation.

Direct Line is likely to be offloaded for substantially less than the £4.5bn offer from private-equity firm CVC in 2009.

 

  • Print
  • Share
  • Comment
  • Buffett eyes RBS insurance arm

More usnews

  • FATCA: US Treasury updates proposals to ease burden

  • Construction revival will stimulate equities

  • US jobs data lifts Nasdaq to 11-year high

  • Markets surge as US unemployment hits three-year low

Email alerts

  • Get similar articles direct to your inbox

Related information

Recommended reading

  • Could Ireland be this year’s recovery play?

  • Russia: Why it is bucking the trend in Emerging Europe

  • Why the eurozone has more than 12 months left

  • IMA Global sector gathers momentum as investors search for more diversity

  • Barclays' profits fall 3%, bonus pool shrinks by 26%

Categories

  • US

Topics

  • RBS

  • Warren Buffett

Categories: US

Topics: Rbs | Warren buffett

  • Comment
  • Email to a friend
  • Print

COMMENTS

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.Post a comment

MOST COMMENTED ARTICLES

  • Spurs boss Redknapp cleared of tax evasion charges

  • FATCA: US Treasury updates proposals to ease burden

  • Woodford ditches Tesco as Buffett buys

  • Buffett: Bonds should come with a health warning

  • Investors 'twice as likely' to choose active funds over trackers - Lipper

AUDIO/VIDEO

  • Conjecture: High Yield Bonds

  • Conjecture: Global Emerging Markets

  • VIDEO: Why Japan is set for a recovery in 2012

  • Conjecture: Global Equities

  • Conjecture: Fixed Income

THE BIG QUESTION

fragment image

Every week, we ask the experts for their views on the latest topics in the industry

  • View all

EVENTS

  • fund5live

  • Senate Spring Investment Conference

  • Absolute Returns Focus 2012

  • Most read
  • Popular topics
  • Related articles
  • Could Ireland be this year’s recovery play?

  • Russia: Why it is bucking the trend in Emerging Europe

  • Why the eurozone has more than 12 months left

  • IMA Global sector gathers momentum as investors search for more diversity

  • Barclays' profits fall 3%, bonus pool shrinks by 26%

  • Close Brothers
  • IMF
  • Inflation
  • Italy
  • Portugal
  • Schroders
  • Spain
  • US
  • Warren Buffett
  • eu
  • Where are the opportunities for income investors?

  • Why clarity in the eurozone will boost M&A activity

  • M&G's Dobell: My five key stock picks for 2012

  • OBSR's top UK fund picks

  • UK Growth managers return to developed markets

EDITOR'S CHOICE

1 2 3 4

hale-clive

View from the Bridge: Investment biker

Being a long time motorbiker, I am very conscious of the ever present threat that comes from being unaware of what is in front of you.

Jupiter tops Alpha Manager provider list

Jupiter Unit Trust Managers employs the most FE Alpha Managers with 12 on the newly revealed list for 2012.

lawrence-gosling

Gosling's Grouse: Baying for blood

When a phlebotomist sticks a needle in a vein you pay attention. He or she has you just where they want you.

obama-concerned

FDR, Reagan, Clinton or Obama: When were markets strongest?

Three years into Barack Obama's term as US president, how do equity market returns under this administration compare with those seen under previous leaders?

DIGITAL EDITION

fragment image

Investment Week digital edition

Register now to receive Investment Week in your inbox.

@INVESTMENTWEEK

fragment image

Follow IW on Twitter

Sign up to have all Investment Week's news and analysis tweeted straight to your timeline.
  • Home
  • News
  • Opinion
  • Fund Manager Views
  • Interviews
  • Sector Analysis
  • Features
  • Events
  • Audio/Video
  • Jobs
  • Research Centre
  • Share Centre
logo

© Incisive Media Investments Limited 2012, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093

  • Site search

sponsored by

Site Credentials:

  • Contact us
  • About Incisive Media
  • Privacy policy
  • Terms & Conditions
  • Accessibility
  • Sitemap

Related websites:

  • IFAonline
  • Professional Adviser
  • Mortgage Solutions
  • Retirement Planner
  • ETFM
  • International Investment
  • Professional Pensions
  • Global Pensions

Jobs:

  • Director/Executive jobs
  • Investment Adviser jobs
  • Investment Analyst jobs
  • Portfolio Manager jobs
  • Private Client Stockbroker jobs
  • Wealth Manager jobs

Accreditations:

  • Digital Publisher of the Year 2010
Tweet