Search Results for: RBS
Banks Expected to Settle FX Probes for Billions
May 7th, 2015
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...
Banks around the world announced their First Quarter Results
April 30th, 2015
Banks around the world with international operations issued press release to annouce their Results for the First Quarter of 2015. Highlights for Credit Susisse, BNP Paribas, Royal Bank of Scotland and Bank of China are as follow: Credit Suisse ...
Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit
April 30th, 2015
BofA says cost of settlement will be covered by existing reserves Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating foreign-exchange rates. The bank’s decision ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
Bank of England publishes details of 2015 stress test for largest UK banks and building societies
March 30th, 2015
Today, the Bank of England is publishing the scenario for the 2015 stress test, which will be applied to the largest UK banks and building societies. The scenario has been agreed by the Financial Policy Committee (FPC) and Prudential ...
Asia stocks surge, bond yields tumble on Fed caution
March 19th, 2015
Asian shares enjoyed their best session in 18 months on Thursday as investors priced in a later start and a slower pace for future U.S rate rises, slashing sovereign bond yields from Japan to Australia. The shift in rate expectations hit the ...
Efficiency failures putting UK law firms at risk
March 18th, 2015
Flat profit margins and high lockup weakening financial stability, survey finds Small to mid-sized UK law firms have enjoyed a year of sustained economic improvement, according to a new financial benchmarking report. The survey found that, while fees and ...
ECB Buying Starts New Era for Bonds, Euro
March 9th, 2015
Currency heads toward parity with dollar; paying to hold debt The arrival of the European Central Bank’s huge bond-buying plan Monday is forcing investors to prepare for the once unthinkable: paying to hold debt issued by the eurozone’s one-time ...
Dollar revved up for jobs data, Nikkei hits a high
March 6th, 2015
The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of ...
Banks brace for Fed capital buffers inspection
March 5th, 2015
The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. In its annual ...
