|Bid||230.60 x 654700|
|Ask||230.70 x 41000|
|Day's Range||229.40 - 249.00|
|52 Week Range||220.80 - 304.20|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||36.70|
|Forward Dividend & Yield||0.04 (1.59%)|
|1y Target Est||303.67|
By Helen Reid LONDON (Reuters) - Brexit-sensitive UK stocks and sectors were hit hard on Thursday by the resignation of UK Brexit minister Dominic Raab, a blow to Prime Minister Theresa May as she seeks ...
The pound slumped and gilts rallied after Dominic Raab quit as U.K. Brexit secretary less than 24 hours after Prime Minister Theresa May said she had won cabinet approval for a deal with the European Union. Sterling slid the most in more than 17 months after Raab said that he couldn’t “in good conscience support the terms proposed for our deal.” Over in the money markets, investors priced out the prospect of a rate increase by the Bank of England next year. Raab’s departure stokes fears of a revolt against May from within her own party that may ultimately imperil the chances of the U.K. leaving the EU with a divorce deal in hand.
Shares in UK retail banks Lloyds , Barclays and Royal Bank of Scotland dropped sharply this morning after the resignation of Brexit secretary Dominic Raab. Lloyds was down 5.3 per cent, Barclays fell 6.3 ...
intensified concern over whether Theresa May will be able to steer her Brexit deal through parliament. The reaction from financial markets has been subdued since Mrs May struck a Brexit deal with the EU earlier this week, because of fears that it would prove unacceptable to heavyweight pro-Brexit members of the cabinet, including Mr Raab, and ultimately jeopardise the agreement and the prime minister’s position. Having been stuck in a tight range in early trading on Thursday, the pound tumbled 1.6 per cent to below the $1.28 mark after Mr Raab said he could not in “good conscience” support the deal.
Royal Bank of Scotland (RBS.L) on Wednesday said it had appointed Alison Rose to the role of deputy chief executive of NatWest Holdings, in a sign of her increasing prominence at the state-owned lender. Rose, who has long been seen by analysts and investors as the leading internal candidate to succeed RBS Chief Executive Ross McEwan, will deputise for him 'both internally and externally' in her new role, the bank said.
Royal Bank of Scotland has appointed Alison Rose as deputy head of the ringfenced bank that accounts for the vast majority of its business, signalling her position as the leading internal candidate to succeed group chief executive Ross McEwan. Ms Rose will from next month become deputy chief executive and director of NatWest Holdings, the newly-formed legal entity that owns RBS, Ulster Bank, NatWest and Coutts. The move paves the way for Ms Rose to potentially become the first female boss of one of the UK’s major high street banks.
Small businesses are being damaged by the closure of branches by British banks who need ways to collaborate on sharing, the Banking Standards Board (BSB) said on Tuesday. "The issue of branch closures needs to get higher up everybody's agenda," BSB chair Colette Bowe told the British parliament's Treasury Select Committee, adding that she has already taken it up with the banking industry's trade body. Alison Cottrell, chief executive of the BSB said a "space" may be needed for banks to discuss "collaboration" on branch closures and branch sharing.
Howard Davies, chairman of British bank RBS, told CNBC on Tuesday that the U.K. risks a slowdown to its economy if uncertainty over Brexit continues.
It is ironic that the Financial Conduct Authority this year said that “culture and governance is a priority” for the UK regulator. Based on my examples, below, I believe that the FCA’s own culture and ...
Britain's big banks, long able to shrug off competition from start-ups, have been spooked by an account launched just six weeks ago by Goldman Sachs (GS.N) that pays savers more. One of the banks admitted privately that it has seen a spike in savers switching, while others have launched new accounts or raised rates to try to nip "Marcus" in the bud. British savers have got used to payouts of 1 percent or less thanks to rock-bottom central bank rates, but the launch of Marcus with a 1.5 percent rate on Sept. 27 has shaken things up.
NEW YORK/ZURICH (Reuters) - UBS Group AG, Switzerland's largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. UBS said on Wednesday it expected to be sued by the Justice Department as early as Thursday.
A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The lawsuit was filed on Wednesday in the U.S. District Court in Manhattan by plaintiffs that decided to "opt out" of similar nationwide litigation that has resulted in $2.31 billion (£1.76 billion) of settlements with 15 of the banks. The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan's MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS.
A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market. The lawsuit was filed on Wednesday in the U.S. District Court in Manhattan by plaintiffs that decided to "opt out" of similar nationwide litigation that has resulted in $2.31 billion of settlements with 15 of the banks. The banks being sued are: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, Japan's MUFG Bank, Royal Bank of Canada, Royal Bank of Scotland, Societe Generale, Standard Chartered and UBS.
Banks in Britain should review 150,000 rejected complaints about payment protection insurance (PPI), the Financial Conduct Authority proposed on Wednesday. Banks have paid out more than 32 billion pounds ($42.13 billion) in compensation for complaints about mis-selling PPI in Britain's costliest consumer scandal, with Royal Bank of Scotland (RBS.L) setting aside another 200 million pounds last month. The FCA has already set a deadline of Aug. 29 next year for compensation claims, using an animatronic head of actor Arnold Schwarzenegger in advertisments to urge people to claim.
Britain's financial regulator has told banks to rescue thousands of borrowers "trapped" in poor value home loans, saying the authorities could intervene if need be. Banks came to a voluntary arrangement earlier this year to allow such customers to switch if they meet basic conditions. "We believe this is an important step forward, but the devil is in the detail," said Christopher Woolard, executive director for competition at the Financial Conduct Authority.
Britain's Co-operative Bank reported a loss before tax of 87 million pounds for the first nine months of its financial year as it battles to turn around performance after a restructuring and recapitalisation in June last year. The bank agreed a rescue plan last year with U.S. hedge fund creditors after its capital base, hit by restructuring costs and weak income, fell to levels unacceptable to regulators. New Chief Executive Andrew Bester said the bank is thinking about a move into small business banking via an application for a funding scheme supported by Royal Bank of Scotland (RBS.L) as part of the conditions of its state bailout.
Europe's top banks may have survived a milestone test of their resilience but strengthened balance sheets count for little when they generate such meagre returns compared with U.S. rivals, investors say. The European Banking Authority stress test results on Friday showed the sector in reasonable financial health, with a clean sweep of 48 lenders judged capable of withstanding economic shocks like a crash in real estate or bond prices. For the first time since 2009, the EU health check of the sector showed all top banks passed a key capital threshold under the most adverse economic scenario.
Most investors will scoff at the idea of a hard-left government taking power in the UK after a messy Brexit. The New York fund manager is making a serious wager on falls in UK stocks, which he will increase if the Labour party comes to power. Mr Eisman made a packet betting on the collapse of America’s mortgage market, as immortalised in The Big Short.
Royal Bank of Scotland has become the first of the UK’s big high street lenders to open a standalone digital bank, with the launch of a new business-focused current account that will be run independently of its traditional brands. The new bank, called Mettle, is designed for small business customers, and will provide a current account alongside services such as invoicing and cash flow forecasting.
I had to wonder at the strategic vision of Royal Bank of Scotland as I read “ RBS: fear and loaning ” (Lex, October 27), which stated that RBS has decided to take a precautionary £100m Brexit impairment ...
Moody's Investors Service ("Moody's") has assigned definitive long-term credit ratings to the following classes of Notes issued by Castell 2018-1 PLC: ....GBP 244.87M Class A Mortgage Backed ...
The British government has set out its exit strategy from its biggest taxpayer-funded bailout of the financial crisis, announcing plans to sell all of its shares in Royal Bank of Scotland (RBS.L) by 2024. The government owns 62.4 percent of RBS, Britain's fourth-biggest bank by market value, which it rescued in 2008 with a 45.5 billion pound capital injection. The Office for Budget Responsibility, Britain's budget watchdog, said in a document published on Monday that the government planned no further sales this year but would raise 20.6 billion pounds by selling its remaining shares over the next five years.
The British government plans to sell all its remaining shares in taxpayer-owned Royal Bank of Scotland by 2023-24, according to a document published by the country's budget watchdog on Monday. The Office for Budget Responsibility said the government would not sell any further shares this year, but would raise an estimated 20.6 billion pounds ($26.4 billion) from share sales over the next five years. The government has a 62.4 percent stake in the bank, which it rescued in a 45.5 billion pound bailout in 2008.