PA ANALYSIS: How many more skeletons in the bank vaults after RBS stress test fail?
Just when you thought it was safe to dip your toes back into the murky waters of banking stocks, so comes another stress test.
Just when you thought it was safe to dip your toes back into the murky waters of banking stocks, so comes another stress test.
Shares in RBS had fallen 5% top 187.2p by mid-morning on Wednesday after the bank emerged as the biggest failure in the Bank of England’s latest stress test scenario.
Barclays’ announcement on Monday that it has launched an execution-only platform should come as no surprise. But, it should serve as a reminder to wealth managers not to get too complacent.
Barclays has launched an online investment service in an effort to help plug the savings and advice gap.
Royal Bank of Scotland has continued to flounder in what it described as the “current low interest rate and low growth environment,” returning £469m in attributable losses, compared with a £940m profit the year prior.
Shares in Barclays climbed on Thursday after the bank reported third quarter profits up 35% on last year to £837m.
The global investment community is increasingly divided on the banking sector.
Barclays’ share price rose 7.6% to 157.68p after reporting a 21% drop in profits due to major restructuring efforts over the first half of the year.
Trading in domestically-focused banks, RBS and Barclays, was temporarily suspended on Monday after their share prices dropped 9% and 10%, respectively.
Architas has appointed Jaime Arguello as its new chief investment officer, replacing Caspar Rock.
It sounds like something out of a spy film – Barclays leading a mob of Chinese investors to a secret London location, down a shady path into its high-security ring-fenced gold bullion vault.
Like ‘Dirty’ Harry Callahan and Starsky & Hutch, UK Equity Income has hosted its fair share of rule-breaking mavericks, the question is should we accommodate or banish them?