5.54 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||5.51 x 1000|
|Ask||5.56 x 1800|
|Day's Range||5.54 - 5.58|
|52 Week Range||4.98 - 7.31|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||33.37|
|Forward Dividend & Yield||0.34 (6.12%)|
|1y Target Est||N/A|
Banks could be punished if they don't switch enough contracts from the Libor interest rate benchmark to a Bank of England alternative by the end of 2021, a senior British regulator said on Wednesday. The Financial Conduct Authority has told each bank to nominate a senior manager who is accountable to regulators for ensuring that contracts switch from referencing the London Interbank Offered Rate, or Libor, to the BoE's sterling overnight rate, Sonia. The FCA has the authority to fine or remove a senior banker's licence.
CYBG “lays out plans to disrupt the status quo” today. at being dubbed a challenger bank, arguing that challengers are “niche players” whereas he has created a “scale competitor”. The first full Virgin Money personal current account will launch later this year, aiming for a 40 per cent increase in market share (from 2.5 per cent to 3.5 per cent), while the bank will launch its first business current account by the middle of next year as part of a new Virgin Money branded small business bank.
Royal Bank of Scotland, the first of the UK’s lenders to open a standalone digital bank, has appointed a chief executive who is well versed in fintech for the online business-focused unit that it plans to launch as an app in August. Marieke Flament, who was European managing director of cryptofinance group Circle, will head up Mettle, the digital arm that focuses on smaller businesses, the UK banking group said in a statement on Tuesday. RBS launched Mettle in November and plans to make it available on the app store in two months’ time.
He'll take up the position of chief product officer and will lead productdevelopment for the new brand, reporting to Bó CEO Mark Bailie
(Bloomberg) -- Royal Bank of Scotland Group Plc said the merger of Alawwal Bank and Saudi British Bank would release capital that will have a positive and material financial impact on the Edinburgh-based lender.The merger will facilitate the exit of RBS’s shareholding in Alawwal, as the bank continues to focus on its key markets, RBS Chief Executive Officer Ross McEwan said in an emailed statement on Sunday. The deal affects RBS and its NatWest Markets NV and NatWest Markets Plc units, it said.RBS had for years been trying unsuccessfully to sell its stake in Alawwal. The lender has been cutting investment-banking operations around the world to focus on consumer and commercial lending in the wake of its U.K. government bailout. RBS is part of a group that owned 40% of Alawwal following the takeover of ABN Amro in 2007.Saudi Arabia’s banking landscape is changing with lenders exploring mergers. The kingdom’s biggest lender, National Commercial Bank, in December announced the start of talks with Riyad Bank. Alinma Bank would be open to a merger if a deal adds value for shareholders, Chief Executive Officer Abdulmohsen Al-Fares said in April.\--With assistance from Harry Wilson.To contact the reporters on this story: Lisa Pham in London at email@example.com;Sarah Jacob in Amsterdam at firstname.lastname@example.orgTo contact the editors responsible for this story: Beth Mellor at email@example.com, James Amott, V. RamakrishnanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Senior politicians have lambasted Britain's financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers. The Financial Conduct Authority (FCA) said it was sticking by its decision not to apply penalties for actions of RBS's former turnaround unit, the Global Restructuring Group (GRG). The mistreatment of businesses that were in financial distress and were moved into GRG is one of the biggest scandals RBS has faced in recent years.
NEW YORK/LONDON, June 13 (Reuters) - Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday. Monzo will make available a few thousand cards at in-person sign-up events over the next weeks in cities including Los Angeles, San Francisco and New York, as it seeks to replicate the word-of-mouth support that boosted its UK launch, it said. It hopes to attract an engaged early-user base which will provide feedback to help tailor the company's offering to the U.S. market, Chief Executive Tom Blomfield said in an interview.
Is The Royal Bank of Scotland Group plc (LON:RBS) a good dividend stock? How would you know? Dividend paying companies...
Swiss COMCO fines big global banks around 90 million Swiss francs ($91 million) for rigging prices in the foreign exchange market.
Britain's banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future of free in-credit banking. The changes will make overdrafts simpler, fairer and easier to manage, protecting the millions of consumers who use overdrafts, particularly more vulnerable consumers, the watchdog said. "The overdraft market is dysfunctional, causing significant consumer harm," FCA Chief Executive Andrew Bailey said in a statement.
Barclays was fined 27 million francs, Citigroup 28.5 million francs and JPMorgan Chase & Co. was hit with a 9.5 million-franc penalty, Switzerland’s Competition Commission said Thursday. UBS Group AG avoided a fine because it helped reveal the existence of the cartel.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
The Bank of Nova Scotia's (BNS) second-quarter fiscal 2019 (ended Apr 30) earnings reflect higher revenues, its solid capital levels and elevated expenses.
Royal Bank of Canada's (RY) second-quarter fiscal 2019 (ended Apr 30, 2019) results impress on rise in revenues along with escalating loans and deposits balances.
UBS Group AG and Barclays Plc were also named in the suit lodged Monday in the Federal Court by Maurice Blackburn Lawyers. The action claims the banks colluded to rig foreign exchange rates, boosting profits at the expense of Australian businesses and investors, the law firm said in a statement. Spokespeople at Citi and JPMorgan in Sydney and Barclays in Hong Kong had no immediate comment on the suit.
Canadian Imperial Bank of Commerce's (CM) second-quarter fiscal 2019 results indicate improved non-interest income, partly offset by rise in provisions, expenses and lower net interest income.
Loot, the digital current account aimed at students and millennials, hascalled in administrators after appearing to have run out of cash
BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of benchmarks used in many day-to-day financial transactions, further damaging the industry's fragile reputation after the financial crisis.
Mitsubishi UFJ (MUFG) reports decline in earnings for the fiscal 2018 (Mar 31, 2019) on account of lower net interest income and net trading profits.