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Stock Market & Financial Investment News

News Breaks
June 26, 2014
06:09 EDTRBSRoyal Bank of Scotland to close more branches, Daily Mail reports
Royal Bank of Scotland CEO Ross McEwan says the bank will shut more branches, the Daily Mail reports. The bank has already earmarked 100 branches for closure so far this year, and though Chairman Philip Hampton would not specify how many more outlets it plans to close beyond that 100, he says there is "no floor." Reference Link
News For RBS From The Last 14 Days
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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
April 10, 2015
06:19 EDTRBSNomura, RBS accused of 'deceit' and incompetence' in trial, Financial Times says
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April 6, 2015
06:06 EDTRBSMizuho seen hiring 130 investment bankers from RBS, FT reports
Mizuho (MFG) is reportedly set to poach 130 investment bankers from Royal Bank of Scotland's (RBS) U.S. arm, The Financial Times reports. The Japanese bank announced a deal to buy $36B of loan assets from RBS in February, and that deal is expected to close this week. Reference Link

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