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Stock Market & Financial Investment News

News Breaks
May 27, 2014
17:57 EDTRBSRBS to reduce size of mortgage business, FT says
Royal Bank of Scotland is said to be cutting 300 positions over a two year time span, says the Financial Times. The bank is eliminating two-thirds of its non-agency mortgage business over two years and is said to be optimizing its interest rate trading business, which also may entail job losses, added the Financial Times. Reference Link
News For RBS From The Last 14 Days
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August 3, 2015
11:50 EDTRBSU.K. government to sell about 5.2% stake in Royal Bank of Scotland
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09:12 EDTRBSU.K. government may start RBS sell-off in next two weeks, Daily Mail reports
The U.K. government might start the sell-off of its 79% stake in RBS (RBS) within the next two weeks, the Daily Mail reports, citing "press reports." Tentative plans were drawn up by U.K. Financial Investments for the sale of a GBP2B holding in RBS, the report says. The move follows the government reducing its stake in Lloyds (LYG) by 1% last week, taking the taxpayer's holding down to just under 14%, the report says. Reference Link
August 2, 2015
18:55 EDTRBSU.K. may start selling RBS stake Monday, Sunday Times says
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July 30, 2015
06:53 EDTRBSRBS reports 1H operating profit GBP5629M vs. GBP2.87B last year
Reports 1H operating profit before tax GBP293M, which includes GBP1.05B of restructuring costs. Reports CET1 12.3% and Tier 1 12.3%.
July 22, 2015
18:18 EDTRBSRBS hires advisers to investigate treatment of small businesses, Reuters says
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