RBS may need to top-up litigation provisions
12th Sep 2016 15:54
(ShareCast News) - RBS might require additional provisions in future periods in respect of litigation claims, which in aggregate "could be material", the lender said at a Barclays conference in New York. The statement was included in one of the slides prepared in advance of the group's presentation
Read moreFTSE 100 movers: Rate fears weigh on banks
12th Sep 2016 15:28
(ShareCast News) - UK blue chips were mostly in the red on Monday as investors got in a tizzy as they feared various economic and political possibilities across the Atlantic at the end of last week, sending London-listed financial stocks lower in particular. With worries about the US Federal Reserv
Read moreCity regulator facing legal action from companies affected by RBS restructuring
12th Sep 2016 10:34
(ShareCast News) - Lawyers representing hundreds of London businesses are threatening the Financial Conduct Authority over its delayed report into the Royal Bank of Scotland's restructuring. Over 400 companies are being represented in the case, which alleges that if the findings of the investigation
Read moreSantander UK reportedly mulling takeover of MBNA
5th Sep 2016 15:50
(ShareCast News) - Santander UK is reportedly considering a takeover of Bank of America's UK credit card group MBNA. Sources told Sky News that Santander UK is looking to make a formal bid for MBNA next week at the deadline for offers. Santander UK is said to be mulling the acquisition as a way of
Read moreBroker tips: Lloyds, RBS, Randgold, Zoopla
5th Sep 2016 10:34
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreLloyds, RBS drop on Deutsche Bank downgrades
5th Sep 2016 10:14
(ShareCast News) - Lloyds and Royal Bank of Scotland were under the cosh on Monday as Deutsche Bank downgraded the stocks to adjust for a "lower-for-longer" environment. DB pointed out that UK bank shares have been particularly volatile since the UK voted to leave the European Union, with RBS, Barcl
Read moreRBS Group customers due to receive refund for student overdraft charges
5th Sep 2016 08:51
(ShareCast News) - RBS Group is issuing refunds to student accounts dating back to 2002 for wrongly charging interest on overdrafts. RBS and NatWest customers are due to receive typically around £100 plus 8% interest for previously being charged for interest-free overdrafts. Student customers from 2
Read moreFTSE 100 movers: Miners dive as banks, insurers progress
31st Aug 2016 16:25
(ShareCast News) - Mining stocks were headed lower in an overall negative session on the FTSE 100, with gold and three-month industrial metals prices southbound as silver and copper eased ahead. Anglo American faded, having on Tuesday completed the sale of its Foxleigh mine interest, while both f
Read moreRBS to reportedly start charging some corporate clients for deposits
19th Aug 2016 15:14
(ShareCast News) - Royal Bank of Scotland has reportedly contacted some of its investment banking customers to warn them of new charges from Monday. Some of the bank's large corporate clients will have to start paying to hold cash in their accounts, sources told Reuters, making the lender the first
Read moreFriday newspaper share tips: RBS, StanChart, Aldermore
12th Aug 2016 16:48
(ShareCast News) - Groucho Marx's warning not to be fooled if a man looked and talked like an idiot (he really was one) may have rung in the ears of investors in lenders' so-called 'co-co' bonds during the first quarter, the Financial Times's Lex column mused. Just like the shares of their underlyin
Read moreBanks made to share 'open banking' data, cap overdraft fees, and more
9th Aug 2016 09:04
(ShareCast News) - High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the
Read moreBarclays rallies on Exane upgrade
8th Aug 2016 08:43
(ShareCast News) - Barclays got a boost on Monday after Exane BNP Paribas upgraded the stock to 'outperform' from 'neutral' as it took a look at UK banks. Exane pointed out that having been cautious on the stock for two years, it "made the mistake" of upgrading the recommendation shortly before the
Read moreMonday newspaper round-up: Lloyds, new post-Brexit data, banks
8th Aug 2016 06:59
(ShareCast News) - Thousands of retail investors are likely to be denied the chance of buying shares in Lloyds Banking Group at a discount as the government is expected to abandon the plan in the aftermath of market uncertainty caused by Brexit. The government put plans for a "Tell Sid" offer of Llo
Read moreRBS cuts mortgage rates by 0.25%
5th Aug 2016 11:52
(ShareCast News) - NatWest, Royal Bank of Scotland and Ulster Bank NI said they would cut their standard variable mortgage rate by 0.25% in line with the Bank of England base rate reduction. This cuts he rate for customers to 3.75% from 4%, RBS said. The 73%-taxpayer-owned bank slumped to a £2bn
Read moreBroker tips: RBS, Wolseley, Cairn Energy
5th Aug 2016 10:53
(ShareCast News) - Royal Bank of Scotland's rating was placed 'under review' from 'buy' on Friday by Shore Capital after the lender reported "disappointing" first half results. The bank posted a £2.05bn loss for the first six months of the year, compared to a £179m loss in the corresponding period a
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