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Stock Market & Financial Investment News

News Breaks
March 14, 2014
06:33 EDTMS, RBSRBS picks Morgan Stanley to advise on options for Ulster Bank, Irish Times says
Morgan Stanley (MS) has been selected by Royal Bank of Scotland (RBS) to advise the bank on possible merger opportunities for Ulster Bank, the Irish Times reports. The bank expects an operating model review of Ulster will take several months. Reference Link
News For RBS;MS From The Last 14 Days
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February 26, 2015
10:50 EDTMSNew York regulator considering cybersecurity, cash laundering controls, WSJ says
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10:00 EDTRBSOn The Fly: Analyst Downgrade SummaryStarz
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08:12 EDTRBSRBS downgraded to Underperform from Neutral at BofA/Merrill
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07:41 EDTRBSMizuho Financial Group acquires credit portfolio from RBS
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06:25 EDTRBSRBS to greatly reduce investment bank unit, Financial Times says
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06:15 EDTRBSRBS confirms Howard Davies to succeed Philip Hampton as chairman
Following its announcement on September 25 that Philip Hampton would leave The Royal Bank of Scotland Group during 2015, RBS announced that Howard Davies will succeed him as Chairman. Philip Hampton will step down as Director and Chairman of RBS with effect from August 31. Howard Davies will join the Board at the end of June and assume the role of Chairman from September 1. Howard is currently Chairman of Phoenix Group, a non-executive Director of Prudential plc, and a non-executive Director of Morgan Stanley. He will step down from Phoenix and Morgan Stanley. He will complete his work as Chairman of the UK Airports Commission before assuming the role of RBS Chairman and will retain his position at Prudential and as Professor of Practice at Sciences Po, Paris.
06:14 EDTRBSRBS announces sale of North American loan portfolio to Mizuho
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February 25, 2015
17:40 EDTMSMorgan Stanley agrees to $2.6B mortgage settlement with U.S.
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17:37 EDTMSMorgan Stanley agrees to $2.6B mortgage settlement with U.S.
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09:01 EDTMSMorgan Stanley says Apple Pay available for Wealth Management clients
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08:28 EDTMSMorgan Stanley reportedly near deal for Montreal cargo facility, Bloomberg says
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06:07 EDTRBSRBS suspends two additional employees in forex investigation, Reuters says
RBS stated Wednesday it has suspended an additional two employees as part of its investigation into failures to stop foreign currency markets, reports Reuters, citing company statements. The bank had earlier suspended three employees and placed six into a "disciplinary process." Reference Link
February 24, 2015
13:07 EDTRBSEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
07:49 EDTRBSRBS to downsize investment bank, Asia operations, Reuters says
RBS will transfer responsibility of its investment bank from Donald Workman to restructuring chief Rory Cullinan in order to scale back operations at the unit and largely pull out of Asia, reports Reuters, citing three sources. The bank is expected to announce downsizing in Asia to just 200 staff in Singapore, down from 2,800 in late 2014. Cullinan will also lead the banks exit from "several European markets," said the sources. Reference Link
07:21 EDTMSSecurities Industry & Financial Markets Association to hold a conference
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February 23, 2015
13:33 EDTRBS, MSRBS could name Howard Davies as chairman this week, FT reports
Royal Bank of Scotland (RBS) could name Howard Davies as its chairman as early as Thursday, when the bank reports its full-year results, the Financial Times reports. Davies is currently chairman of insurance business Phoenix Group and chairs Morgan Stanley's (MS) risk committee. Current RBS Chairman Philip Hampton is set to become GlaxoSmithKline's (GSK) chairman as early as this summer. Reference Link
February 19, 2015
14:21 EDTRBSS&P reportedly says Greece contagion not a major risk, Reuters reports
The risk of contagion spreading from Greece to other European countries is not that large, a German newspaper quoted S&P's chief sovereign ratings officer as saying, according to Reuters. The euro zone would be able to handle an exit of the bloc by Greece, the ratings officer was quoted as saying, Reuters reported. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:47 EDTMSReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:28 EDTMSAuthorities investigating possible hack in Morgan Stanley leak, WSJ says
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06:04 EDTRBSFCA to investigate investment and corporate banking
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