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News For BCS;HBC;LYG;RBS From The Last 14 Days
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May 5, 2015
10:04 EDTRBS, LYGOn The Fly: Analyst Upgrade Summary
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06:01 EDTBCSBarclays in talks to sell GBP 2B of risky loans, Financial Times reports
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05:33 EDTLYGLloyds Banking upgraded to Buy from Hold at Jefferies
Jefferies upgraded Lloyds Banking to Buy citing the company's return of capital and positive earnings momentum.
05:32 EDTRBSRBS upgraded to Neutral from Reduce at Nomura
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May 4, 2015
07:19 EDTRBS, BCSBanks in advanced talks with DOJ to settle forex rigging charges, Reuters says
JPMorgan (JPM), Citi (C), Royal Bank of Scotland (RBS), Barclays (BCS) and UBS (UBS) are in advanced talks with the Department of Justice on a collective settlement over charges of foreign exchange market rigging, said Reuters, citing people familiar with the matter. How the banks or their units will plead to charges is still in flux, though the collective settlement payment could exceed the $4.3B in fines paid by a half-dozen banks to regulators last November and a deal may be set by as soon as later this month, the report noted. Reference Link
May 1, 2015
10:00 EDTBCSOn The Fly: Analyst Downgrade Summary
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05:36 EDTLYGLloyds Banking reports charge of GBP 660M relating to TSB sale
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05:33 EDTLYGLloyds Banking continues to intend to pay interim, final dividend for 2015
05:33 EDTBCSBarclays downgraded to Sell from Hold at Berenberg
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05:33 EDTLYGLloyds Banking sees FY15 net interest margin to be around 25.5%
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05:32 EDTLYGLloyds Banking reports Q1 underlying profit GBP 2.18B vs. GBP 1.8B
Reports Q1-end fully loaded common equity tier 1 ratio 13.4% vs. 12.8% last quarter. Reports Q1 profit before tax and sale of TSB GBP 1.87B. Reports Q1 total income GBP 4.64B. Reports total costs flat YoY with increased investment in the business. Reports Q1 impairment charge reduced to GBP 177M. Reports Q1-end tangible net assets per share increased to 55.8p.
April 30, 2015
06:25 EDTLYG, BCS, RBSEuro zone bank loans rose in March, NY Times says
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05:57 EDTRBSRBS 'on track' to achieve 2015 targets
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05:54 EDTRBSRBS reports Q1 profit GBP 325M vs. (GBP 375M) last year
Reports Q1 adjusted profit GBP 1.63B, up 16% from 2014. These results continued to benefit from generally benign credit conditions, with a GBP 91 million net release of impairment provisions, and from continuing reductions in operating costs. Reports Q1 attributable loss of GBP 446M, including restructuring costs of GBP 453M and GBP 856M of litigation and conduct charges. Tangible net asset value per ordinary and equivalent B share was 384p at 31 March 2015, compared with 387p at 31 December 2014. Reports Common Equity Tier 1 ratio of 11.5% at March 31, 2015.
April 29, 2015
17:46 EDTBCSBarclays pursues sale of Americas wealth management unit, FOX Business says
Barclays is pursuing a sale of its Americas wealth management unit, says FOX Business, citing reports from within the company. A spokesperson for the company said, "We are always evaluating strategic options for our businesses... If any firm decisions are made, we will provide an update in Q2." The unit is separate from Barclays' global wealth management business, which is not part of the potential sale. Reference Link
05:36 EDTBCSBarclays taken further provisions of GBP 800M in Q1, primarily relating to ForEx
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05:34 EDTBCSBarclays reports Q1 adjusted profit GBP 1.85B vs. GBP 1.69B last year
Reports fully loaded common equity tier 1 ratio 10.6% vs. 10.3% last quarter. Reports Q1 core income up 2% to GBP 6.42B. Reports Q1 total adjusted operating expenses down 7% to GBP 4.12B. Reports net tangible asset value per shape up 288p.
April 27, 2015
06:06 EDTRBSMizuho to buy North American loan portfolio from RBS, Telegraph reports
Royal Bank of Scotland (RBS) will sell a portfolio of North American loans to Mizuho Financial Group (MFG) for about $500M, The Telegraph reports. RBS will make a GBp20M loss on the deal, the report says. RBS says, "Together with the announced sale to Mizuho in late February, approximately two thirds of our North American corporate loan portfolio and associated commitments identified for exit have now been disposed of." Reference Link
April 21, 2015
06:01 EDTBCSTeva bid for Mylan could come today, Bloomberg reports
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