Stock Market & Financial Investment News

News Breaks January 11, 2013 07:19 EDT RBS RBS Libor issues may force executive ousters, bonus cut, FT says The board of Royal Bank of Scotland (RBS) is considering whether the head of its investment bank and his second in command should be forced out in response to the Libor abuses perpetrated by junior bankers, even though there is no suggestion either had involvement in the Libor affair, according to Financial Times. RBS is also weighing whether to divert up to GBP150M of its bonus pool to fund part of an expected fine related to the Libor scandal, according to people close to the bank's board. Reference Link News For RBS From The Last 14 Days Check below for free stories on RBS the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 20, 2013 10:10 EDT RBS Royal Bank of Scotland management to meet with JPMorgan Subscribe for More Information 06:37 EDT RBS Royal Bank of Scotland announces new chairman of Asia unit, NY Times says Subscribe for More Information May 16, 2013 12:32 EDT RBS EU bank stress test delayed until 2014 by regulator The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link 07:53 EDT RBS U.K. PM Cameron indicates he wants RBS in good shape for a sale, FT reports Subscribe for More Information 07:35 EDT RBS Royal Bank of Scotland to cut 1,400 jobs in U.K., Reuters reports Subscribe for More Information May 13, 2013 14:47 EDT RBS Royal Bank of Scotland management to meet with JPMorgan Subscribe for More Information 06:49 EDT RBS ECB member says negative deposit rates would help economy, Reuters says Subscribe for More Information May 9, 2013 12:23 EDT RBS RBS Citizens Financial CEO Alemany to retire in September Subscribe for More Information May 7, 2013 06:06 EDT RBS RBS's Coutts & Co. reduces gold holdings, Bloomberg reports Coutts & Co., the private-banking division of Royal Bank of Scotland Group, reduced its gold holdings as prices fell through $1,600 an ounce, saying that a return to the peak isn’t likely unless there’s a crisis in the Middle East, a weaker dollar or a jump in inflation, reports Bloomberg. The bank holds about 1% to 2% in its portfolios, compared with 6% to 7% at the end of Q3. Reference Link 05:34 EDT RBS Royal Bank of Scotland downgraded to Neutral from Overweight at JPMorgan Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.