RBS reveals Brexit plan as Pearson sheds Penguin Books
RBS and Pearson ended a busy week of reporting with big announcements, confirming an Amsterdam hard Brexit contingency plan and divestment of a 22% stake in a key business, respectively.
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RBS agrees £3.65bn settlement over risky US mortgages
The Royal Bank of Scotland has agreed to pay the Federal Housing Finance Agency (FHFA) $5.5bn (£4.2bn) to drop its outstanding litigation against the bank.
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PA ANALYSIS: Lloyds free from government shackles but still chained by Brexit
Lloyds may have paid back its debt to the UK government but its future is still chained to the Brexit outcome.
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Barclays suffers share price ‘malaise’ while RBS returns to profit
Barclays’ shares were down substantially this morning despite the fact its profits doubled in the first quarter, but the market was more receptive of RBS’s return to profits.
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PA ANALYSIS: What to expect as the big banks report results
Wealth managers will be keeping a keen eye on the banking sector this week as four of the sector’s biggest players report first-quarter results.
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RBS still in ‘purgatory’ as FTSE 100 falters
The FTSE 100 fell 0.7% to 7,221 as RBS rounded off a busy week of UK bank results with a staggering £7bn loss, while Standard Life failed to wow with weaker gross inflows.
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Barclays shares slide after DoJ fraud allegations
The US Department of Justice is suing the British bank and two of its executives for deliberately selling “defective and misrepresented” mortgage loans during the peak of the housing bubble.
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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.
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RBS stress test failure sends shares spiralling
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.
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RBS continues to flounder as restructuring and litigation costs bite
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.
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RBS shares slump after SME scandal surfaces
Shares in RBS were down 2.36% to 177.6p this morning in light of reports of leaked documents revealing its restructuring division tried to turn a profit from failing businesses.
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RBS loss weighs on FTSE
Royal Bank of Scotland shares slipped 4.6% after the bank reported a worse than expected loss.