|Bid||235.00 x 654700|
|Ask||250.00 x 41000|
|Day's Range||240.90 - 243.50|
|52 Week Range||239.60 - 304.20|
|PE Ratio (TTM)||22.60|
|Earnings Date||Aug 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||304.06|
July 20 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email firstname.lastname@example.org. AUSTRALIA AND NEW ZEALAND BANKING ...
Royal Bank of Scotland (RBS.L) said a scheme to compensate small firms hurt by its restructuring unit will close to new complaints after it paid out just 10 million pounds so far for direct losses. RBS announced the scheme in November 2016 and set aside 400 million pounds to compensate thousands of small businesses that say they were mistreated by RBS's Global Restructuring Group (GRG). The bank said on Friday that it was closing the unit to new claims after hearing from a fraction of the firms eligible, some of whom have said their firms were pushed into bankruptcy GRG and stripped of their assets.
Royal Bank of Scotland (RBS.L) said a scheme to compensate small firms hurt by its restructuring unit will close to new complaints after it paid out just 10 million pounds ($13 million) so far for direct losses. RBS announced the scheme in November 2016 and set aside 400 million pounds to compensate thousands of small businesses that say they were mistreated by RBS's Global Restructuring Group (GRG). The bank said on Friday that it was closing the unit to new claims after hearing from a fraction of the firms eligible, some of whom have said their firms were pushed into bankruptcy GRG and stripped of their assets.
Stock Non-cumulative of The Royal Bank of Scotland Group plc. For further information on the underlying action see the press release titled "Moody's upgrades The Royal Bank of Scotland Group plc's senior unsecured debt ratings to Baa2 and changes the outlook to positive" (http://www.moodys.com/viewresearchdoc.aspx?docid=PR_386204) on www.moodys.com. Stock Non-cumulative of The Royal Bank of Scotland Group plc. Noteholders are exposed to the credit risk of the preference shares of The Royal Bank of Scotland Group plc and therefore the rating moves in lock-step.
LONDON (Reuters) - Royal Bank of Scotland (RBS.L) has hired Bruce Fletcher as its new group chief risk officer, the lender said on Friday. Fletcher will join from rival bank HSBC, where he was the risk ...
Moody's Investor Service today affirmed the long-term deposit and issuer ratings of Ulster Bank Ireland DAC (UBID) at Baa1 and Baa2, respectively, and changed the outlooks on both to positive from stable. The agency also affirmed UBID's ba1 baseline credit assessment (BCA), its baa2 adjusted BCA, as well as its Prime-2 short-term deposit and issuer ratings. Moody's also affirmed UBID's long and short term Counterparty Risk Ratings (CRR) and counterparty risk assessments (CRA) at A2/Prime-1 and A2(cr)/Prime-1(cr), respectively.
Moody's Investors Service today upgraded the long-term senior unsecured debt ratings of The Royal Bank of Scotland Group plc (RBSG, the holding company) to Baa2 from Baa3 and the short-term Commercial ...
LONDON (Reuters) - The winners of a series of grants worth a total of 775 million pounds and paid for by the Royal Bank of Scotland (RBS.L) will be announced in February 2019, the body set up to disperse ...
British lenders expect demand for consumer borrowing to pick up in the third quarter, a Bank of England survey showed on Thursday, echoing signs of a broader recovery in the economy after a slow start to 2018. The BoE, which has been urging banks to avoid risks in their lending to households, also reported lenders intend to keep supply of mortgage lending broadly steady over the next few months. Earlier on Thursday the Royal Institution of Chartered Surveyors said British house prices remained flat in June and the market was likely to stay sluggish in the coming months despite more properties being put up for sale.
The Bank of England (BoE) said this year's stress test of major banks will measure how non-core capital buffers stand up to market and economic stresses. The test, introduced since the financial crisis a decade ago forced British taxpayers to bail out several lenders, has focused on the resilience of a bank's core capital buffer. The BoE said the "uplifts" assumed from including a systemic risk buffer would add 2.5 percent to the overall hurdle rate of Lloyds Banking Group (LLOY.L), and 1 percent to those of Barclays (BARC.L), HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), Santander UK and Nationwide.
Britain's banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big Data on customers, which can include social media use, for example to price motor or health insurance more accurately. The use of Big Data requires good communication so that consumers understand and accept a firm's approach to using their data and don't end up being "disenfranchised", Randell said.
A decade after the financial crisis, The Wall Street Journal has checked in on dozens of the bankers, government officials, chief executives, hedge-fund managers and others who left a mark on that period to find out what they are doing now. The former chief executive of RBS stepped out of the limelight after he became the de facto face of British banking excess.
For today, WallStEquities.com evaluates Banco Santander S.A. (NYSE: SAN), Lloyds Banking Group PLC (NYSE: LYG), The Royal Bank of Scotland Group PLC (NYSE: RBS), and UBS Group AG (NYSE: UBS). Many times, these companies are multinationals and service many different countries.
British banks and other financial services firms were given three months on Thursday to explain how they can avoid damaging IT breakdowns and respond to the growing threat of cyber attacks. With technology-related disruption on the rise in the sector, the Bank of England and the Financial Conduct Authority told financial services firms to report back by Oct. 5 on their exposure to risks and how they would respond to outages. "Operational disruption can impact financial stability, threaten the viability of individual firms and financial market infrastructures, or cause harm to consumers and other market participants in the financial system," FCA Chief Executive Andrew Bailey and BoE Deputy Governor Jon Cunliffe said in a joint statement.
British banks should not expect further major changes to capital or liquidity requirements now that the bulk of the Basel III reforms agreed after the financial crisis have been implemented, a Bank of England regulator said on Wednesday. Vicky Saporta, the BoE's executive director for prudential policy, said the central bank's focus in future would be on new risks, or unintended consequences of existing regulation. "The finalisation of Basel III signals that the wave of regulatory reform following the Global Financial Crisis is now over.
Some Bank of England policymakers saw signs that a capital buffer for banks might need to be raised in future, the BoE said, but a recent slowdown in risk appetite meant no change was needed for now. Britain's banks have been required to meet a so-called countercyclical capital buffer of only 1 percent of their risk-weighted assets as part of the BoE's attempts to avoid a repeat of the taxpayer bailouts after the global financial crisis. "Some members noted considerations that might challenge the adequacy of the 1 percent CCyB rate," the BoE said in the minutes of the June 19 meeting of the Financial Policy Committee that were published on Tuesday.
Digital bank Monzo, whose distinctive coral-coloured card has become a common feature in the wallets of young, tech savvy and mainly urban Britons, could hit 1 million users within months. To succeed in taking on Britain's big banks, Monzo needs customers to treat it as their main account, where they deposit their salary and pay their bills. At present only 1 in 5 of its users deposit their salary, with average balances of 1,400 pounds per month, its chief executive Tom Blomfield said.
Small businesses that are victims of fraud, conspiracy and misconduct by British banks could soon be able to sue their lenders in a tribunal dedicated to helping them bring banks to justice without fear of financial ruin. British lawmaker Kevin Hollinrake, chairman of the All Party Parliamentary Group (APPG) for Fair Business Banking, told Reuters that the APPG would propose the tribunal, likely funded by the banks themselves, in a report in July. It would offer a recourse for small businesses which currently have few options if they are dissatisfied with remedies or compensation offered by the banks.
Moody's Investors Service today assigned Counterparty Risk Ratings (CRRs) to entities within the following 22 rated banking groups and building societies, which operate in the UK and the Crown Dependencies: ...
The UK's top share index rebounded on Wednesday as fresh optimism regarding U.S. trade policy fuelled risk appetite with the help of buoyant energy stocks. The blue chip FTSE 100 (.FTSE) index started the day in negative territory but closed up 1.1 percent at 7,621.69 points. Tensions over trade between the U.S. and China have hit stock markets this week, with the FTSE sliding more than two percent on Monday after U.S. President Donald Trump announced plans to bar Chinese companies from investing in U.S. technology firms.
BP, Royal Dutch Shell gainAFP/Energy companies rise on Wednesday as oil prices continue to rally. U.K. stocks ended a volatile trading day with firm gains as investors welcomed U.S. President Donald Trump’s softer tone on Chinese investments in the U.S., which was seen as easing fears of a full-blown trade war. U.K. stocks had swung between small gains and losses early in Wednesday’s session, but were sent sharply higher following reports that the Trump administration has backed away from invoking executive authority to impose a tough crackdown on Chinese investments in the U.S. A senior administration official said Trump will rely on existing laws rather than alternative, harsher measures that were feared to spark a dispute between Washington and Beijing.
The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market disruption. BoE Governor Mark Carney challenged assertions made by the EU's banking watchdog, the European Banking Authority (EBA), on Monday that banks were inadequately prepared for a hard Brexit.
* BoE says UK banks prepared for no-deal Brexit * Carney calls EU regulator's Brexit assessment "incomplete" * No change for UK banks' counter-cyclical capital buffers * Industry lobby CityUK says onus on EU regulators to act (Adds EBA comment) By Andy Bruce and Huw Jones LONDON, June 27 (Reuters) - The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market disruption. BoE Governor Mark Carney challenged assertions made by the EU's banking watchdog, the European Banking Authority (EBA), on Monday that banks were inadequately prepared for a hard Brexit. "With respect, the EBA's comments earlier this week were incomplete," Carney told a news conference.
The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc and the Royal Bank of Scotland Group PLC(RBS.L) seeking to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac. The court left in place a September ruling by the New York-based 2nd U.S. Circuit Court of Appeals that went against the banks, which had challenged the 2015 award on multiple grounds. Lawyers for Nomura and RBS could not immediately be reached for comment.
The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac. The court left in place a September ruling by the New York-based 2nd U.S. Circuit Court of Appeals that went against the banks, which had challenged the 2015 award on multiple grounds. Lawyers for Nomura and RBS could not immediately be reached for comment.