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Stock Market & Financial Investment News

News Breaks
February 4, 2013
06:23 EDTRBSRBS 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
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May 4, 2015
07:19 EDTRBSBanks in advanced talks with DOJ to settle forex rigging charges, Reuters says
JPMorgan (JPM), Citi (C), Royal Bank of Scotland (RBS), Barclays (BCS) and UBS (UBS) are in advanced talks with the Department of Justice on a collective settlement over charges of foreign exchange market rigging, said Reuters, citing people familiar with the matter. How the banks or their units will plead to charges is still in flux, though the collective settlement payment could exceed the $4.3B in fines paid by a half-dozen banks to regulators last November and a deal may be set by as soon as later this month, the report noted. Reference Link
April 30, 2015
06:25 EDTRBSEuro zone bank loans rose in March, NY Times says
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05:57 EDTRBSRBS 'on track' to achieve 2015 targets
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05:54 EDTRBSRBS reports Q1 profit GBP 325M vs. (GBP 375M) last year
Reports Q1 adjusted profit GBP 1.63B, up 16% from 2014. These results continued to benefit from generally benign credit conditions, with a GBP 91 million net release of impairment provisions, and from continuing reductions in operating costs. Reports Q1 attributable loss of GBP 446M, including restructuring costs of GBP 453M and GBP 856M of litigation and conduct charges. Tangible net asset value per ordinary and equivalent B share was 384p at 31 March 2015, compared with 387p at 31 December 2014. Reports Common Equity Tier 1 ratio of 11.5% at March 31, 2015.
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

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