RBS launches £400m refund pool for small businesses after GRG scandal
8th Nov 2016 07:39
(ShareCast News) - Royal Bank of Scotland has agreed to refund around £400m of fees to smaller business customers hit by failings at bank's former Global Restructuring Group subsidiary, while also launching a new complaints process to be overseen by a retired High Court judge. Approved by the Financ
Read moreThursday broker round-up
3rd Nov 2016 11:39
(ShareCast News) - IAG: Deutsche Bank keeps at buy with a target price of 540p. Just Eat: Goldman Sachs stays at buy, 760p target. Next: Credit Suisse downgrades to underperform with a 4600p target. G4S: Deutsche Bank upgrades to hold with a 220 with a 3035p target. Cineworld: HBSC starts coverag
Read moreTuesday newspaper round-up: Rolls-Royce, Carney, new bank probe
1st Nov 2016 07:00
(ShareCast News) - Rolls-Royce, Britain's leading manufacturing multinational, hired a network of agents to help it land lucrative contracts in at least 12 different countries around the world, sometimes allegedly using bribes. An investigation by the Guardian and the BBC has uncovered leaked docume
Read moreSunday newspaper round-up: More 'Nissan' deals, Carney, RBS, HSBC, Capita
30th Oct 2016 14:52
(ShareCast News) - Pharmaceuticals giants want the government to plug a £1bn-a-year funding gap that will be created when Britain leaves the EU, as part of a list of demands being drawn up by big business after last week's deal with Nissan. After the Japanese car maker said it would make two new mod
Read moreRBS reports third-quarter loss
28th Oct 2016 07:28
(ShareCast News) - Royal Bank of Scotland swung to a loss in the third quarter, as it took a hit from litigation and restructuring costs. The bank reported a loss attributable to shareholders of £469m compared to a profit of £940m in the same period last year, when it made a £1.15bn gain on the sale
Read moreFriday preview: RBS reports third quarter interims
27th Oct 2016 12:51
(ShareCast News) - Royal Bank of Scotland will be in the spotlight on Friday as it posts its third quarter interims amid reports it is in talks with CYBG to sell its Williams & Glyn branches. CYBG, the parent company of Clydesdale and Yorkshire Bank, said in a statement on Wednesday morning that it
Read moreBanks' mortgage approvals rebound from low, BBA data shows
26th Oct 2016 09:12
(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i
Read moreCYBG confirms talks with RBS over Williams & Glyn branches
26th Oct 2016 08:20
(ShareCast News) - CYBG, the parent company of Clydesdale and Yorkshire Bank, confirmed that it has proposed a bid for 300 branches under the Williams & Glyn brand from Royal Bank of Scotland. Following reports late on Tuesday, CYBG said in a statement on Wednesday morning that it "has engaged in
Read moreClydesdale launches offer for RBS's William & Glyn branches, report says
25th Oct 2016 15:59
(ShareCast News) - Clydesdale & Yorkshire Bank parent CYBG has made an offer to buy the 300 Williams & Glyn branches from Royal Bank of Scotland, according to reports. CYBG, which has been rumoured to have begun working on the deal since August, has submitted a formal bid to buy the branches from RB
Read moreMonday newspaper round-up: Barclays, Deutsche Bank, BAE, PPI provisions
24th Oct 2016 07:05
(ShareCast News) - Barclays is locked in negotiations with its African subsidiary about the details of their divorce, which analysts estimate could cost the British bank as much as £1bn. Having announced in March that it planned to sell down its controlling stake in its Johannesburg-listed African o
Read moreSunday newspaper round-up: GDP, RBS, Anglo, William Hill, bank exit
23rd Oct 2016 15:02
(ShareCast News) - In the first official reading on how the whole UK economy has performed since the Brexit vote, the Office for National Statistics (ONS) is expected to say growth more than halved from 0.7% in the second quarter to 0.3% between July and September. According to economists polled by
Read moreSector movers: Retailers rise to the top
18th Oct 2016 16:17
(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage
Read moreRBS took advantage of businesses, according to leaked documents
10th Oct 2016 10:44
(ShareCast News) - Royal Bank of Scotland (RBS) has come under fire from leaked documents sent to the BBC and Buzzfeed alleging it exploited struggling businesses to rake in a profit. The tax payer funded banks would target struggling businesses when restructuring their loans, ramping up interest ra
Read moreBank of England confirms two-layered bank stress tests for 2017
3rd Oct 2016 10:16
(ShareCast News) - The Bank of England will subject Barclays, HSBC, Lloyds, Nationwide, Royal Bank of Scotland, Santander and Standard Chartered to a two-part stress test in 2017. The BoE, which is still analysing the results of the 2016 stress tests before scheduled feedback to the banks next mo
Read moreRBS lays down ring-fencing plans
30th Sep 2016 07:07
(ShareCast News) - Royal Bank of Scotland Group announced its proposals to regroup its businesses and separate its essential banking services from investment banking, in order to comply with UK ring-fencing legislation, on Friday. The FTSE 100 company said it will transfer most of its existing priva
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