Brexit batters banks, builders, easyJet
Trading in domestically-focused banks, RBS and Barclays, was temporarily suspended on Monday after their share prices dropped 9% and 10%, respectively.
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RBS shares hit by £968m loss and Swiss regulatory troubles
Royal Bank of Scotland shares slid over 2% this morning as the beleaguered bank reported a £968m loss during the first quarter.
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RBS shares plummet as it confirms eighth annual loss
Royal Bank of Scotland shares plummeted by 8.5% to 223p as it revealed a £1.98bn loss and postponed its dividend.
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UK banks are the world’s best recovery play – Jupiter
UK banks are currently the best recovery play on the global market, according to Jupiter Fund Management’s Steve Davies.
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Investors should hold fire on RBS
The government selling 5.4% of its RBS stake provides an opportunity say industry experts, but it will be years before investors should buy in.
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PA ANALYSIS: Will rate hike and loan rise be a chance for the challengers?
With business lending set to increase and a rate rise looming, will this window of opportunity for UK challenger banks be something investors can tap into?
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Tilney continues expansion push with RBS man
Tilney Bestinvest has added to its Glasgow branch with the recruitment of a financial planning director, the firm’s third recruit in four months.
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Upside potential in RBS sale but investors should be wary
George Osborne’s announcement that the government is to sell its stake in Royal Bank of Scotland may lead to shareholder upside according to industry experts, though investors should exercise caution.
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PA ANALYSIS: Why banks are the real election winners
With the election done and dusted, predictably it is the banks that are the first under the spotlight. But should investors follow the Treasury’s example and use recent strength as an opportunity to sell down holdings.
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RBS offloads Coutts international clients to UBP
Royal Bank of Scotland has reached a deal to sell off the international elements of the Coutts private banking and wealth business to Switzerlands Union Bancaire Privée.
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Amundi brings in alternatives strategy head
Amundi Alternative Investments has announced the recruitment of a new head of directional strategies.
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Coutts probed over client tax evasion allegations
Coutts & Co is under investigation by a German prosecutor regarding allegations of assisting client tax evasion.