Top Banking Stocks Surge in Morning Session (RBS, BCS, IRE)

Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) jumped 7.07% to $15.30.  Reuters reported that Moneris Solution, is among the suitors on a shortlist to buy Royal Bank of Scotland Group plc's payment processing business. The Company will also invite second round bids from buyout firm CVC and from joint suitors Advent International and Bain Capital. The Global Merchant Services (GMS) unit, which includes the WorldPay business, is expected to fetch GBP2.5 billion to GBP3 billion ($4 billion to $4.8 billion), industry sources have said. Other bids are still being considered, including interest from Total System Services, Inc. and buyout groups Silverlake, TPG, Carlyle and Permira.  Over the last 52 weeks the stock has ranged from a low of $8.58 to a high of $19.03. So far in this year the stock went up over 61%.

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Barclays PLC (ADR) (NYSE:BCS) increased 1.27%to $23.96. Over the last 52 weeks the stock has ranged from a low of $11.11 to a high of $25.68.  So far in this year the stock went up over 36%.

Bank of Ireland (ADR) (NYSE:IRE) climbed 3.44% to $9.63. Dow Jones reported that Bank of Ireland expects to sell several businesses and to impose limits on payouts to shareholders and other investors in order to gain European approval for its state aid and restructuring plans. The Company said a final decision by the European Commission is expected by mid-2010, but that it expects to dispose of assets including New Ireland Assurance Co., Bank of Ireland Asset Management and ICS Building Society. Over the last 52 weeks the stock has ranged from a low of $3.01 to a high of $20.18.  So far in this year the stock went up over 43%.

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