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Stock Market & Financial Investment News

News Breaks
January 3, 2014
07:57 EDTRBSRBS, Cottle, settle lawsuit over bonus, Telegraph reports
A lawsuit between Royal Bank of Scotland and Gary Cottle, the former head of risk in the investment banking unit, has been settled, the Telegraph reports. RBS had asked a court to block a GBP700,000 bonus awarded to Cottle before his dismissal, arguing that the former executive did not "deserve" the final portion of his bonus because he refused to accept an alternative role when his unit was restructured in 2011. Terms of the settlement have not been disclosed. Reference Link
News For RBS From The Last 14 Days
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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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April 13, 2015
11:17 EDTRBSRBS plans to sell Luxembourg-based fund management unit, Reuters reports
Royal Bank of Scotland has appointed PricewaterhouseCoopers to advise on the sale of its Luxembourg-based fund management unit, Reuters reports. The business had $30.1B in assets under administration at the end of last year. Reference Link

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