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Stock Market & Financial Investment News

News Breaks
March 2, 2014
18:13 EDTRBSRBS to reduce assets in U.S. to ease legal pressure, FT says
Royal Bank of Scotland is planning to reduce by more than half the assets in its broker-dealer unit in New York to bring assets below the $50B threshold to avoid capital becoming trapped in the U.S. due to leverage ratio requirements under the Fed rules, says the Financial Times. Reference Link
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April 20, 2015
19:32 EDTRBSU.S. pressures JPMorgan, Citi, others to settle forex case by mid-May, FT says
The U.S. Department of Justice is pressuring JPMorgan (JPM), Barclays (BCS), Citi (C), Royal Bank of Scotland (RBS), and UBS (UBS) to reach a settlement by mid-May regarding alleged foreign exchange manipulation, reports the Financial Times, citing people familiar with the situation. The Financial Times notes that the settlement could see some of the banks paying roughly $1B. Sources say that the Department is demanding guilty pleas from "most" of the banks. Reference Link
April 15, 2015
06:41 EDTRBSECB authorizes new emergency funding for Greek banks, Reuters reports
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April 13, 2015
11:17 EDTRBSRBS plans to sell Luxembourg-based fund management unit, Reuters reports
Royal Bank of Scotland has appointed PricewaterhouseCoopers to advise on the sale of its Luxembourg-based fund management unit, Reuters reports. The business had $30.1B in assets under administration at the end of last year. Reference Link

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