Royal Bank of Scotland said Monday it had agreed to sell its 50 percent stake in Tesco Personal Finance (TPF) to its joint venture partner, supermarket giant Tesco, for 950 million pounds.

July 28 (Bloomberg) — Tesco Plc , the largest U.K. food retailer, agreed to buy Royal Bank of Scotland Group Plc ’s 50 percent stake in the companies’ U.K. consumer finance joint venture for 950 million pounds ($1.89 billion).

The finance arm of General Electric Co. says two units are being investigated in connection with an industrywide probe into marketing and sales of guaranteed investment contracts and other financial instruments to municipalities.

HARTFORD, Conn. - The finance arm of General Electric Co. says two units are being investigated in connection with an industrywide probe into marketing and sales of guaranteed…

Tesco announced a major push into banking on Monday with a 950 million pound deal to buy out Royal Bank of Scotland from their finance joint venture.

LONDON (Reuters) - Tesco has agreed to buy the 50 percent of Tesco Personal Finance it does not already own from partner Royal Bank of Scotland for 950 million pounds cash.

LONDON (Thomson Financial) - Tesco Plc has bought a 50 percent stake in its joint venture, Tesco Personal Finance Group Ltd, currently owned by Royal Bank of Scotland Plc. for 950 million pounds in cash, the companies announced Monday.

Alien Technology Corporation, the RFID industry leader, today announced the appointment of Charles G. Alvarez to the position of Vice President of Finance and Chief Financial Officer.

Supermarket Tesco today agreed a 950 million deal with Royal Bank of Scotland to take full control of the pair’s Tesco Personal Finance joint venture.

MUMBAI, July 28 (Reuters) - Nucleus Software Exports Ltd said on Monday it has won a deal from Prudential Vietnam Finance Co Ltd to provide support to the latter’s customer acquisition and consumer loans business.

Tags: mortgage, loans