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Stock Market & Financial Investment News

News Breaks
April 11, 2011
07:42 EDTLYG, BCS, RBSU.K. says banks won't have to be split, WSJ reports
The U.K.'s Independent Commission on Banking says banks that have retail and investment banking likely don't need to be completely broken up but that they should hold more capital and keep their retail banks from riskier investment banking operations, reports the Wall Street Journal. Reference Link
News For LYG;BCS;RBS From The Last 14 Days
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October 22, 2014
13:39 EDTLYGLloyds plans 9,000 job cuts over three years, Mark Kleiman says
Mark Kleiman of Sky News said in a tweet that Lloyds will cut 9,000 jobs over three years, or 10% of its workforce. An announcement is expected next week. Reference Link
October 21, 2014
08:28 EDTRBSEuropean Commission fines JMorgan EUR 61.68M over Libor influencing
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08:18 EDTRBS, LYG, BCSBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:12 EDTRBSJPMorgan, UBS, Credit Suisse to be fined by EU over Libor rigging, Reuters says
JPMorgan (JPM), UBS (UBS) and Credit Suisse (CS) will be fined $115M collectively for their roles in rigging Swiss franc Libor rates, with JPMorgan's fine of $89M making up the lion's share of the penalty, said Reuters, citing a person familiar, who added that Royal Bank of Scotland (RBS) would not be penalized for its own role since it alerted the European Commission to the issue. Reference Link
October 20, 2014
07:21 EDTBCSFederal Reserve Bank of New York and Boston to hold a workshop
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October 16, 2014
08:42 EDTRBS, BCSUBS, DOJ in talks for forex rigging settlement, FT reports
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06:50 EDTLYG, BCS, RBSEuropean regulator rejects bonus loophole, NY Times says
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October 15, 2014
07:27 EDTRBS, BCSJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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October 14, 2014
06:45 EDTLYG, BCS, RBSData says UK banks paid less than 40% to cover mis-selling, Reuters says
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October 10, 2014
09:13 EDTRBS, LYG, BCSEBA says EU stress test results to be published October 26
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