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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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January 28, 2015
16:56 EDTRBSFederal judge says FOREX manipulation case to proceed, Reuters reports
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07:43 EDTRBSRBS divesting toxic assets 12 months ahead of schedule, Bloomberg says
Royal Bank of Scotland Group will divest or wind down 85% of its toxic assets by late 2015, 12 months ahead of schedule, reports Bloomberg, citing a person with knowledge of the matter. The remaining 15% of its $43.7B "bad debt" will remain within RBS Capital Resolution because it is too toxic or too long-term. Reference Link
January 27, 2015
06:52 EDTRBSEuropean Central Bank raises capital requirements for banks, WSJ says
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January 20, 2015
14:06 EDTRBSCitizens, Keysight identified as long positions by Einhorn
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07:30 EDTRBSU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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January 16, 2015
08:19 EDTRBSRBS reviewing loans to small businesses on new issue, Independent says
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January 15, 2015
10:41 EDTRBSRBS general counsel, others leave bank, NY Times reports
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06:42 EDTRBSECB most likely will unveil bond buying program, NY Times says
The European Central Bank is "all but certain" to announce at its next meeting that it will buy government bonds, according to The New York Times. But the ECB may announce that it will buy bonds but say that it will only provide details about the program in March, some believe, the newspaper reported. Some economists contend that the initiative could be a case of "too little, too late," The Times added. Publicly traded European banks include 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

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