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Stock Market & Financial Investment News

News Breaks
February 3, 2014
06:15 EDTRBSRBS set to overhaul management team, Financial Times reports
The Royal Bank of Scotland is planning to overhaul the top management team as part of a broad restructuring, reports the Financial Times. According to people familiar with his plans, CEO Ross McEwan expects to appoint Les Matheson to the permanent role of head of the retail business and hopes to name a new finance director as early as this month to replace Nathan Bostock. Reference Link
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July 18, 2014
11:21 EDTRBSBritish antitrust regulator to investigate country's banks, NY Times reports
The U.K.'s antitrust authorities said they expected to open a formal investigation into Britain's retail banking industry, reports the New York Times. The regulators cited barriers to competition that include control of a national network of branches by four large banks that control more than three-quarters of the market. Reference Link
06:31 EDTRBSRBS winds-down distressed-debt unit as Weiss leaves, Bloomberg says
Royal Bank of Scotland is capping a distressed-debt division as it scales back its investment firm to revive profitability, according to Bloomberg citing three people familiar with the matter. The sources said that global head of a special situations group, Jon Weiss, departed this month. Reference Link
06:20 EDTRBSRBS considers selling Coutts' overseas operations, FT reports
Royal Bank of Scotland is eyeing the sale of Coutts' overseas operations, the Financial Times reports. The bank is currently conducting a review of its wealth management division. Reference Link
July 11, 2014
06:48 EDTRBSBank of England says banks' capital requirement could rise, Reuters reports
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July 10, 2014
07:08 EDTRBSECB keeps tight grip on banks with health check results, Reuters says
The European Central Bank is targeting to keep a tight grip banks in the final phase of a balance sheet health check in October, giving them only 48 hours to review the test results before publishing them, according to Reuters, citing two people familiar with the matter. The assessment will look into banks’ balance sheets and measure their ability to handle shock and stress. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
July 8, 2014
07:49 EDTRBSEU banks on pace to shed record EUR100B on unwanted loans, FT says
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