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Stock Market & Financial Investment News

News Breaks
January 15, 2014
08:49 EDTRBSMiliband, Cameron disagree over bank bonuses, FT says
Prime Minister David Cameron fought back against Labour pressure regarding bank bonuses as Ed Miliband advocated that he block state-backed Royal Bank of Scotland from paying senior staff bonuses worth double their salaries, reported the Financial Times. Reference Link
News For RBS From The Last 14 Days
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November 20, 2014
06:03 EDTRBSRBS, NatWest, Ulster Bank fined GBP42M by FCA
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November 18, 2014
14:56 EDTRBSRBS management to meet with Jefferies
Meetings to be held in Chicago/Toronto on November 24-25 hosted by Jefferies.
06:34 EDTRBSDraghi sees positive signs in euro zone, NY Times reports
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November 14, 2014
06:36 EDTRBSRoyal Bank of Scotland to exit US mortgage business, Reuters reports
Royal Bank of Scotland's securities unit will exit its U.S. mortgage trading business, reports Reuters. In an emailed statement, a RBS spokesman said exiting the business "is a necessary part of repositioning our US business." RBS had originally planned to shrink it by two-thirds. Reference Link
November 12, 2014
16:23 EDTRBSOn The Fly: Closing Wrap
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12:38 EDTRBSOn The Fly: Midday Wrap
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08:57 EDTRBSBarclays excluded from forex settlement due to issues with NYDFS, Reuters says
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06:12 EDTRBSCFTC fines five banks $1.4B for manipulation of FX benchmark rates
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06:05 EDTRBSFCA fines five banks $1.7B over FX trading operations
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November 11, 2014
14:30 EDTRBSBanks to be hit with billions in fines for currency manipulation, Telegraph says
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06:53 EDTRBSBanks sued by terror victims, NY Times says
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November 10, 2014
06:46 EDTRBSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:18 EDTRBSUBS to settle misconduct allegations at precious metals trading unit, FT reports
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November 6, 2014
11:24 EDTRBSHSBC, JPMorgan highest on FSB list of global systemically important banks
The Financial Stability Board published its updated list of global systemically important banks, placing HSBC (HSBC) and JPMorgan (JPM) in its highest "bucket" corresponding to required level of additional loss absorbency. Both of those banks were placed in bucket 4, which is associated with 2.5% in additional loss absorbency required. Banks in the next category, or bucket 3, include Barclays (BCS), BNP Paribas (BNPQY), Citigroup (C) and Deutsche Bank (DB). Other banks included on the updated list include Bank of America (BAC), Credit Suisse (CS), Goldman Sachs (GS), Morgan Stanley (MS), RBS (RBS), BNY Mellon (BK), ING Groep (ING), Banco Santander (SAN), Societe Generale (SCGLY), Standard Chartered (SCBFF), State Street (STT), UBS (UBS), and Wells Fargo (WFC). Of note, UBS is now in the lowest bucket, associated with 1% additional loss absorbency required. Reference Link
06:09 EDTRBSRBS retreat could include central and eastern Europe, FT reports
Royal Bank of Scotland could exit central and eastern Europe and the Middle East as it looks to reduce its non-U.K. activities to under a quarter of its assets over the next few years, the Financial Times reports. The bank, which has hired PwC to advise on its strategic review, said it is "looking at options" across the central and eastern Europe, Middle East and Africa units, though no decisions have been made. Reference Link

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