5th Aug 2016 09:01
(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
Read more5th Aug 2016 07:03
(ShareCast News) - RBS was pushed deep into the red as a result of provisions to cover possible litigation costs linked to its 2008 rights issue just prior to its emergency rescue by taxpayers.. The mostly state-owned lender reported an attributable loss of £2.05bn at the half-year stage, compared t
Read more5th Aug 2016 06:57
(ShareCast News) - London´s top flight index began the session on the front foot, tracking gains overnight in Asia, with traders very much focused on the monthly US employment report due out later in the day. As of 0825 BST, the FTSE 100 was trading up by 39.77 points at 6,779. Other markets were l
Read more2nd Aug 2016 16:42
(ShareCast News) - Santander UK had made a formal offer to buy the Williams & Glyn (W&G) branches from Royal Bank of Scotland ending the bank's seven year struggle to separate from it, multiple reports claimed. The Spanish-owned lender and fifth-largest bank in Britain, was understood to have offere
Read more2nd Aug 2016 14:50
(ShareCast News) - Banco Santander offered to take-over Royal Bank of Scotland´s Williams&Glyn unit, Reuters reported citing a source familiar with the situation. At the end of 2015, RBS had stated its intention to beging the formal sales process for the business by the end of June 2016 with the aim
Read more1st Aug 2016 07:50
(ShareCast News) - Royal Bank of Scotland said its capital ratio fell by 7.5 percentage points to 8.1% under an EU stress test of 51 lenders in the eurozone and the rest of the EU. RBS is 73% owned by the UK taxpayer after being bailed out by the government after the financial crash of 2008. The st
Read more1st Aug 2016 06:43
(ShareCast News) - Britain's top bank bosses believe an interest rate cut this week is not the best way to boost the economy, arguing instead for alternative options such as investment incentives. Markets are almost certain that the Bank of England will cut its base rate from 0.5pc to 0.25pc this Th
Read more28th Jul 2016 16:17
(ShareCast News) - Britain's banking system will face a capital shortfall of £68bn if the UK hits a recession after it leaves the EU, according to Moody's. The ratings agency has carried out its annual stress test across British high street banks to see whether they have enough capital to withstand
Read more28th Jul 2016 07:37
(ShareCast News) - Theresa May is under growing pressure from Liam Fox, the trade secretary, to pull out of the EU customs union, a move required to facilitate post-Brexit bilateral trade deals but which would impose costs on exporters and could strain Anglo-Irish relations. The issue is looming as
Read more26th Jul 2016 16:14
(ShareCast News) - High-street lenders NatWest and Royal Bank of Scotland are warning business customers that they may impose negative interest rates on deposits if Bank of England cuts its key rate in August as expected. RBS, which is NatWest's parent, said the letter was sent to the banks' comb
Read more26th Jul 2016 07:02
(ShareCast News) - One of the UK's top monetary policymakers has indicated he has changed his mind after a series of negative business surveys and now favours an immediate stimulus for the UK economy. The new stance of Martin Weale, an independent member of the Bank of England's Monetary Policy Comm
Read more21st Jul 2016 14:01
(ShareCast News) - Lloyds Banking and Royal Bank of Scotland could each make at least a £150m profit from MasterCard's proposed £869m acquisition of VocaLink Holdings (VLH), which is majority owned by a consortium of 18 high street banks that also includes Barclays and HSBC. MasterCard said on Thurs
Read more8th Jul 2016 18:37
(ShareCast News) - House builders, banks topped the blue-chip winners' ladder at close of play on Friday, having last week and this suffered under the shadow of Britain's non-binding vote to quit the EU. Taylor Wimpey, Berkeley Group, Barratt Developments and Persimmon sprinted higher with gains of
Read more7th Jul 2016 16:38
(ShareCast News) - UK shares flew north with Associated British Foods leading blue chips on a chipper update and chased by a peloton of banking, financial and property stocks on rising expectations of a Bank of England rate-cut next week. "Today marks the first day since the (non-binding Brexit) ref
Read more6th Jul 2016 18:23
(ShareCast News) - Investment bank Morgan Stanley has questioned whether there will be real-economy demand to borrow from banks given Brexit-induced uncertainty, regardless of Bank of England's recent bid to stoke such lending. As such, Morgan Stanley, which has taken a cautious post-Brexit stance o
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