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Barron's Recap: The 30 Best CEOs In The World
Sunday, March 22, 2015 - 5:09pm | 902Read More...This weekend in Barron's online: the 11th annual Barron's ranking of chief executive officers, a look back at the Great Society, as well as the prospects for Fortune Brands, Western Digital, PACCAR, Citizens Financial, Seacoast Banking, Citigroup and more. Cover Story "The World...
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#PreMarket Primer: Wednesday, November 12: Banks Fined More Than $3 Billion For Role In Forex Manipulation
Wednesday, November 12, 2014 - 8:44am | 1477Read More...On Wednesday, a Federal probe into the role big banks played in a forex manipulation scheme resulted in huge fines for UBS AG (NYSE: UBS), HSBC Holdings plc (NYSE: HSBC), the Royal Bank of Scotland Group PLC (NYSE: RBS), JPMorgan Chase & Co. (NYSE: JPM) and Citigroup Inc (NYSE: C). The...
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RBS's Citizens Financial IPO 'Signifies The End Of The Big Bank Model,' Says Expert
Tuesday, September 9, 2014 - 9:23am | 374Read More...Yesterday, the Royal Bank of Scotland Group plc (LON: RBS) revealed more details about its upcoming spinoff. The IPO, which will center on RBS's US retail banking arm Citizens Financial, is expected to raise upwards of at least $3 billion with a total market capitalization above $13 billion...
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Goldman Sachs And Others Still Face FHFA Suits
Tuesday, April 29, 2014 - 2:19pm | 632Read More...As headlines tout negotiations of a $13 billion mortgage settlement between Bank of America (NYSE: BAC) and JPMorgan Chase, it's important to remember other lawsuits are ongoing. Back in 2011, the Federal Housing Finance Agency sued 18 banks for securities fraud relating to mortgage backed...
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FDIC Sues Big Banks For Rigging Interest Rates
Monday, March 17, 2014 - 1:44pm | 607Read More...Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...
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Market Wrap For February 21: Markets End The Week On A Negative Note
Friday, February 21, 2014 - 5:48pm | 2876Read More...U.S. stocks finished the week slightly lower as investors gave today's poor housing data a slack, and blame it on the weather. “Investors are willing to cut the market some slack because of the weather; I'm keeping my fingers crossed that the economy heats up as the weather warms up,” Jack...
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Shutting Down Beneath The Debt Ceiling With Darrell Cronk and Michelle Girard
Tuesday, October 1, 2013 - 9:43am | 360Read More...Northeast regional chief investment officer at Wells Fargo Private Bank Darrell Cronk and Royal Bank of Scotland chief U.S. economist Michelle Girard discussed how the government shutdown is likely to effect equities moving forward on CNBC's Squawk Box Tuesday morning. "I think another big thing...
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Three Foreign Bank Stocks Analysts Are Keen On (ING, LYG, SMFG)
Thursday, September 6, 2012 - 6:19am | 566Read More...Here is a quick look three top-performing financial stocks based overseas and with a consensus recommendation of analysts of Strong Buy. They are ING Groep (NYSE: ING), Lloyds Banking (NYSE: LYG) and Sumitomo Mitsui Financial (NYSE: SMFG). ING Groep This Amsterdam-based financial services company...
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Barclays, Telefonica and Other European Stocks Favored by Analysts
Thursday, August 23, 2012 - 7:23am | 820Read More...There is no question that economic conditions are rough in Europe, where a number of countries have fallen back into recession. American companies with exposure in Europe are seeing the effects on their bottom lines, but there are always silver linings. Judging by the consensus Strong Buy...
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Blackstone Group Takes Stake in Risky RBS Loans
Friday, July 1, 2011 - 4:34pm | 181Read More...Royal Bank of Scotland Group (NYSE: RBS) has agreed to sell a 25% stake in its 1.4 billion pound ($2.3 billion) UK commercial real estate loan portfolio to private equity firm Blackstone Group (NYSE: BX). Blackstone will also take over the management of the assets, in an attempt to recover as...
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Moody's Whacks the Pound
Tuesday, May 24, 2011 - 10:42am | 224Read More...The pound sterling fell against the euro on Tuesday after Moody's said it many contemplate lowering the credit rating of up to 14 British banks, according to Bloomberg. Notably, Royal Bank of Scotland and Lloyds Banking Group are two groups under review by Moody's. The U.K.'s Treasury also...
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AstraZeneca Falls On Downgrade In Rating
Wednesday, September 29, 2010 - 6:10am | 91Read More...Shares of AstraZeneca Plc (NYSE: AZN) moved down in pre-market trading after Royal Bank of Scotland downgraded the company. RBS downgraded AZN from “buy” to “hold.” The broker said, "AstraZeneca had a strong run of positive news flow over the summer and the near-term share price drivers have...
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US Stock Futures Signal Brighter Market Today (XOM, TM, BP, TOT)
Monday, February 1, 2010 - 9:34am | 297Read More...US stock futures took a U turn today as traders started looking past Greece and China issues to focus on the earnings season where most companies excelled in terms of earnings and revenues. While futures at the S&P 500 gained 4.1 points to 1074.50, those at the NASDAQ 100 moved up 4.75 points...
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Royal Bank of Scotland Shares Recover Nicely
Monday, January 25, 2010 - 4:02pm | 148Read More...The Royal Bank of Scotland (NYSE: RBS) is among the banks recovering from last week's investor worries over proposed banking reform and China's attempts to slow down its overheated economy. Its shares rose nearly 6% from last weeks closing price to a high of $11.57. Shareholders of the bank's stock...
