New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:45 EDTRBSBook claims RBS could fail, taxpayers' could lose whole stake, Independent says
"Shredded: Inside RBS, The Bank That Broke Britain," a new book by financial journalist Ian Fraser, concludes the bank is in danger of failing within 10 years and that U.K. taxpayers risk losing their entire stake, reported The Independent. Reference Link
News For RBS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 26, 2015
11:50 EDTRBSRBS may sell Coutts to UBP for $600M-$800M, FT reports
Subscribe for More Information
05:54 EDTRBSRBS raises value of Citizens sale to $3.7B, Financial Times reports
Subscribe for More Information
March 24, 2015
06:08 EDTRBSU.S. regulators say BNP, HSBC, RBS must rewrite living wills
Subscribe for More Information
March 23, 2015
06:58 EDTRBSCitizens Financial announces 115M share secondary offering by RBS
Subscribe for More Information
06:23 EDTRBSRBS set to sell more shares in Citizens, The Telegraph reports
Subscribe for More Information
06:21 EDTRBSUBS in discussions to lease space from RBS in Connecticut, WSJ reports
Subscribe for More Information
March 22, 2015
17:03 EDTRBSCitizens Financial could return 30%, Barron's says
Citizens Financial (CFG), a spinoff from RBS (RBS), could return 30% in the next two years, Barron's contends in a feature article. Shares trade at about a 20% discount to peers, the paper adds. Reference Link
March 18, 2015
07:20 EDTRBSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
Subscribe for More Information
March 17, 2015
08:26 EDTRBSFreddie Mac, Fannie Mae begin legal battle against Nomura, RBS, NY Post says
Freddie Mac (FMCC) and Fannie Mae (FNMA) alleged in court proceedings Monday that they bought "bad" mortgages because they were mislead by banks, reports the New York Post, citing court arguments. Monday was the first day of the lawsuit against Nomura (NMR) and co-defendant Royal Bank of Scotland (RBS) which seeks $1B in damages as well as the ability to return the securities to the banks. Lawyers presented internal bank emails that identified some mortgages as "crap" or from "extremely dysfunctional" lenders, while the banks alleged that they fully disclosed the poor quality of the products. Reference Link
March 16, 2015
14:08 EDTRBSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space 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
March 13, 2015
15:40 EDTRBSDOJ sets $1B staring point in forex settlement talks with banks, Bloomberg says
Subscribe for More Information
15:22 EDTRBSDOJ starts forex manipulation settlement talks at $1B per bank, Bloomberg says
Barclays (BCS), Citi (C), JPMorgan (JPM), RBS (RBS) and UBS (UBS) are said to be probed by U.S. over currency manipulation, Bloomberg says.
13:55 EDTRBSRBS favors Union Bancaire Privee in Coutts auction, Bloomberg says
RBS (RBS) has decided that Union Bancaire Privee is its preferred bidder for Coutts and a deal may be reached as soon as this month, reports Bloomberg, citing people with knowledge of the matter. The sources say RBS is also considering Credit Suisse (CS) as well as a joint bid by Societe Generale (SCGLY) and DBS (DBSDY). The agreement has been held up by a German investigation of Coutts, the HSBC tax evasion scandal, and price negotiations due to the Swiss franc, said the sources. Reference Link
March 12, 2015
06:17 EDTRBSRBS loses key pre-trial battle in GBP 30M lawsuit, Financial Times reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use