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Stock Market & Financial Investment News

News Breaks
February 5, 2013
13:52 EDTRBSRoyal Bank of Scotland to settle Libor case, WSJ reports
Royal Bank of Scotland (RBS) is expected to announce a settlement of up to $700M with U.S. and British authorities related to Libor manipulation allegations, reports the Wall Street Journal. According to people briefed on the settlement talks, a unit of RBS will likely plead guilty to a crime in the U.S. although RBS executives have been hoping to avoid a guilty plea. Reference Link
News For RBS From The Last 14 Days
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June 22, 2015
06:45 EDTRBSRBS may ask for more time to spin off Williams & Glyn, U.K. Times reports
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06:10 EDTRBSRBS Chairman says UK banks fear block on cross-selling, Financial Times says
RBS Chairman Sir Philip Hampton has warned that British Banks fear being blocked from cross-selling products to their clients, reports the Financial Times. Hampton said UK banks had no choice but to accept the ringfencing low that forces them to hive off retail and small business operations into a separate subsidiary at arms length from other activities. Reference Link
June 19, 2015
05:54 EDTRBSRBS looks to hire banker who had worked on ABN deal, Financial Times reports
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June 18, 2015
10:51 EDTRBSRBS close to returning 'missing' customer payments, The Telegraph says
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07:28 EDTRBSLloyds CEO to call on U.K. banks to welcome ringfencing rules, Reuters says
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