Stock Market & Financial Investment News

News Breaks February 4, 2013 06:23 EDT RBS RBS says CEO Hester to stay 'well into' 2014, Independent reports RBS (RBS) Chairman Sir Philip Hampton has privately pledged that CEO Stephen Hester will stay at the helm of the bank "well into" 2014, the Independent reports. Investors had been concerned that Hester could leave the bank before the sale of the taxpayers' 82% stake in the bank. 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 Sign up for a free trial to see the rest of the stories you've been missing.