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Stock Market & Financial Investment News

News Breaks
December 18, 2012
06:52 EDTRBSRBS to pay patrons GBP10M due to forgotten money from ATMs, the Telegraph says
Royal Bank of Scotland and Nat West, the bank's offshoot, will compensate approximately 300,000 bank patrons, who forgot to take their money from the ATM, GBP10M, reports the Telegraph. Reference Link
News For RBS From The Last 14 Days
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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 20, 2015
19:32 EDTRBSU.S. pressures JPMorgan, Citi, others to settle forex case by mid-May, FT says
The U.S. Department of Justice is pressuring JPMorgan (JPM), Barclays (BCS), Citi (C), Royal Bank of Scotland (RBS), and UBS (UBS) to reach a settlement by mid-May regarding alleged foreign exchange manipulation, reports the Financial Times, citing people familiar with the situation. The Financial Times notes that the settlement could see some of the banks paying roughly $1B. Sources say that the Department is demanding guilty pleas from "most" of the banks. Reference Link
April 15, 2015
06:41 EDTRBSECB authorizes new emergency funding for Greek banks, Reuters reports
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