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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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August 3, 2015
11:50 EDTRBSU.K. government to sell about 5.2% stake in Royal Bank of Scotland
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09:12 EDTRBSU.K. government may start RBS sell-off in next two weeks, Daily Mail reports
The U.K. government might start the sell-off of its 79% stake in RBS (RBS) within the next two weeks, the Daily Mail reports, citing "press reports." Tentative plans were drawn up by U.K. Financial Investments for the sale of a GBP2B holding in RBS, the report says. The move follows the government reducing its stake in Lloyds (LYG) by 1% last week, taking the taxpayer's holding down to just under 14%, the report says. Reference Link
August 2, 2015
18:55 EDTRBSU.K. may start selling RBS stake Monday, Sunday Times says
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July 30, 2015
06:53 EDTRBSRBS reports 1H operating profit GBP5629M vs. GBP2.87B last year
Reports 1H operating profit before tax GBP293M, which includes GBP1.05B of restructuring costs. Reports CET1 12.3% and Tier 1 12.3%.
July 22, 2015
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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July 21, 2015
06:08 EDTRBSU.K. watchdog visited Barclays 186 times in 2014, Bloomberg reports
The FCA's supervisory team made 186 visits to Barclays (BCS) in 2014, more than any other British bank that year, Bloomberg reports. HSBC (HSBC) was next highest with 85 visits, with RBS (RBS) and Lloyds (LYG) following with 65 and 58 encounters, respectively, the report says. Reference Link

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