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Stock Market & Financial Investment News

News Breaks
February 12, 2014
11:49 EDTRBSMoody's reviewing Royal Bank of Scotland's ratings for downgrade
Moody's Investors Service has placed on review for downgrade Royal Bank of Scotland plc's A3 supported long-term debt and deposit ratings, the ratings for the bank's subordinated debt, junior subordinated debt and capital instruments. The long-term ratings of the holding the company, Royal Bank of Scotland Group plc, were also placed on review for downgrade. The firm's Prime-2 short-term ratings were affirmed. Moody's rating action follows the publication of a recent trading update, in which RBS's management indicated that the group's year-end 2013 results would be materially impacted by additional provisions for pending litigations and conduct-related costs. As a result, the bank will report a weaker than previously anticipated regulatory capital position at end-December 2013, weakening its standalone credit profile. During the review, Moody's will assess whether the bank's credit fundamentals remain compatible with the current ratings given (1) the challenges and risks RBS faces in relation to the execution of its recovery plan; and (2) any actions that RBS's management could pursue in the short-term that could effectively mitigate these risks and further boost the bank's regulatory capital position. Moody's has placed on review for downgrade all long-term ratings of National Westminster Bank plc and Royal Bank of Scotland NV.
News For RBS From The Last 14 Days
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August 27, 2015
18:02 EDTRBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
August 26, 2015
10:00 EDTRBSOn The Fly: Analyst Upgrade Summary
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07:19 EDTRBSRBS upgraded to Overweight from Equal Weight at Morgan Stanley
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August 18, 2015
13:09 EDTRBSRBS to sell Luxembourg fund business to Blackfin Capital, Financial Times says
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06:45 EDTRBSNine banks agree to $2B settlement for currency market rigging, FT says
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