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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 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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