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Stock Market & Financial Investment News

News Breaks
January 22, 2014
06:46 EDTRBS, LYGU.K. bankers want Britain to pressure EU more, Reuters says
An association of British bankers urged the U.K. to forge closer ties with the EU, according to Reuters. The association also pushed London to devote more resources to pressuring the EU's government on financial and economic issues, according to Reuters. Reference Link
News For RBS;LYG From The Last 14 Days
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July 28, 2014
10:02 EDTRBSOn The Fly: Analyst Upgrade Summary
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08:41 EDTLYGLloyds confirms settlements totalling GBP218M to resolve LIBOR charges
Lloyds Banking announces that it has reached settlements totalling GBP218M to resolve with U.K. and U.S. federal authorities legacy issues regarding the manipulation several years ago of Group companies' submissions to the British Bankers' Association London Interbank Offered Rate and Sterling Repo Rate. "The Group condemns the actions of the individuals responsible for the conduct in question, which it regards as totally unacceptable and unrepresentative of the cultural changes that the Group has implemented. The actions will be deplored by all employees. The manipulation of submissions covered by the settlements took place between May 2006 and 2009 and the individuals involved have either left the Group, been suspended or are subject to disciplinary proceedings. The Group's Board will now consider all the remuneration implications and potential actions available to it. The issues subject to the settlements were restricted to a specific area of the business and were not known about or condoned by the senior management of the Group at that time. In March 2011, Lloyds Banking Group's management proactively strengthened the systems and controls governing its LIBOR submissions. The Group further supplemented these systems and controls following the publication of the Wheatley Review," Lloyds stated.
08:38 EDTLYGLloyds agrees to settlements with CFTC, DOJ, FCA over LIBOR rigging charges
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06:12 EDTLYGLloyds to probe 15 staff members over Libor rigging accusations, Daily Mail says
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05:25 EDTRBSRoyal Bank of Scotland upgraded to Neutral from Underweight at JPMorgan
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July 27, 2014
16:03 EDTLYGUK's stake in Lloyds Banking may be sold as early as October, Mail Online says
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15:44 EDTRBSRBS advised to sell stake in Ulster Bank, Reuters says
Royal Bank of Scotland has been advised by Morgan Stanley to sell a majority stake in its Irish unit, Ulster Bank, says Reuters, citing a report in Ireland's Sunday Business Post. Reference Link
July 25, 2014
09:02 EDTRBSRoyal Bank of Scotland says 1H shows progress but 'bumps' in road ahead
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09:01 EDTRBSRoyal Bank of Scotland sees 1H profit before tax GBP2.65B
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07:57 EDTRBSRBS says private equity investment in Ulster possible, Reuters reports
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06:40 EDTRBS, LYGLoan write down standards changed for non-U.S. banks, NY Times says
A new accounting rule will enable banks outside of the U.S. to write down the value of loans earlier but could cause loans to become less attractive for those banks, according to The New York Times. The rule was issued by the International Accounting Standards Board, whose guidelines are followed in more than 100 countries but not in America, the newspaper stated. Publicly traded European 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
06:03 EDTLYGLloyds confirms late stage settlement discussions with agencies
Lloyds Banking Group notes the recent media coverage regarding potential settlements with a number of government agencies and their investigations into submissions, communications and procedures around the setting of Interbank Offered Rates and other benchmarks. LBG confirms that it is in late-stage settlement discussions with a number of agencies. The settlements remain to be agreed and LBG expects they will include the payment of penalties. LBG will update the market on these issues as appropriate.
July 24, 2014
15:00 EDTLYGLloyds to announce Libor fines of up to GBP300M next week, FT says
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July 23, 2014
09:00 EDTRBSU.K. committee chair says RBS 'willfully obtuse' with evidence, Reuters says
The chairman of the U.K.'s Treasury Select Committee accused Royal Bank of Scotland of being "willfully obtuse" when giving evidence to lawmakers probing its Global Restructuring Group unit, which deals with corporate clients who find themselves in financial distress, said Reuters. Reference Link
06:56 EDTRBSRBS could sell Ulster Bank to private equity firm, Irish Examiner reports
Royal Bank of Scotland (RBS) is considering selling its Ulster Bank unit to a private equity firm, the Irish Examiner. A purchase price for the unit could be anywhere between EUR500M-EUR2.5B, depending on what assets are included in the sale, the publication says. KKR (KKR) and Apollo (APO) are rumored buyers for the unit. Reference Link
July 18, 2014
11:21 EDTRBS, LYGBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
06:31 EDTRBSRBS winds-down distressed-debt unit as Weiss leaves, Bloomberg says
Royal Bank of Scotland is capping a distressed-debt division as it scales back its investment firm to revive profitability, according to Bloomberg citing three people familiar with the matter. The sources said that global head of a special situations group, Jon Weiss, departed this month. Reference Link
06:20 EDTRBSRBS considers selling Coutts' overseas operations, FT reports
Royal Bank of Scotland is eyeing the sale of Coutts' overseas operations, the Financial Times reports. The bank is currently conducting a review of its wealth management division. Reference Link
July 16, 2014
10:24 EDTLYGHigh option volume stocks:
High option volume stocks: AMSC FTNT LYG TSEM FOXA HCA BKE XON LCI ASML
July 15, 2014
10:24 EDTLYGLloyds gets closer to libor deal with U.S., U.K., WSJ says
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