http://www.lse.co.uk/ RBS Financial Share News Feed - London South East en-us Fri, 24 May 2013 04:40:50 GMT 2007 London South East http://www.lse.co.uk/rss/ 15 By Foo Yun Chee PARIS, Feb 22 (Reuters) - The European Commission wants to conclude its investigation into the fixing of lending benchmarks Euribor and Libor this year and has offered several banks under suspicion the possibility of a settlement to reduce hefty fines, sources said. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=jkhl6r06qa2587f Fri, 22 Feb 2013 12:39:14 GMT PARIS, Feb 22 (Reuters) - The European Union's antitrust regulator has widened its investigation of suspected unfair fixing of lending benchmarks such as Euribor and Libor to interest rate products for the Swiss franc. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=yczbbb0lss2fg9p Fri, 22 Feb 2013 09:18:12 GMT http://link.reuters.com/syr26t ---------- Note: Reuters has not verified these stories and does not vouch for their accuracy. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=npxmj1mhhyrrsms Fri, 22 Feb 2013 02:54:32 GMT By Matt Scuffham and Huw Jones LONDON, Feb 1 (Reuters) - Royal Bank of Scotland will next week agree a settlement with U.S. and British authorities for its part in a global rate rigging scandal, sources familiar with the situation told Reuters. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=2kaghnn9yimmfsf Fri, 01 Feb 2013 17:20:04 GMT LONDON, Feb 1 (Reuters) - Royal Bank of Scotland will next week agree a collective settlement with U.S. and British authorities for its part in a global rate rigging scandal, sources familiar with the situation told Reuters. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=ugz0pnvira2slig Fri, 01 Feb 2013 16:54:10 GMT Feb 1 (Reuters) - : * HSBC Holdings : Citigroup cuts to neutral from buy * HSBC Holdings : Citigroup raises target price to 770p from 680p http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=vee9w07ib2y7qik Fri, 01 Feb 2013 08:29:25 GMT By Antonella Cinelli ROME, Jan 31 (Reuters) - A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=6i0s53qthklueqc Thu, 31 Jan 2013 19:45:37 GMT By Antonella Cinelli ROME, Jan 31 (Reuters) - A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=c16ztrrr2gn6h3g Thu, 31 Jan 2013 19:44:48 GMT By Laura Noonan LONDON, Jan 31 (Reuters) - The sharp improvement in Deutsche Bank's capital ratio has revived debate about the role banks' own risk models play in deciding whether or not they have sufficient reserves. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=ext19rnw16d005b Thu, 31 Jan 2013 19:11:29 GMT By David Brett LONDON, Jan 31 (Reuters) - London's top shares closed lower on Thursday as downbeat company earnings and mixed global http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=rm0ccunj3mmwnp3 Thu, 31 Jan 2013 17:48:06 GMT By David Brett LONDON, Jan 31 (Reuters) - London's top shares closed lower on Thursday as downbeat company earnings and mixed global http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=l3kaqgr2fgbjn1f Thu, 31 Jan 2013 17:48:05 GMT LONDON, Jan 31 (Reuters) - The boss of Britain's biggest retail bank told lawmakers a proposal to stimulate competition by creating an industry-shared IT platform would be too difficult to implement and not achieve its objective. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=byd0q7ux69mb0vp Thu, 31 Jan 2013 17:47:11 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - Britain's banks could have cut the bill for compensating customers mis-sold loan insurance if they had tackled the problem earlier, the head of Britain's Financial Ombudsman Service told Reuters on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=n49jb9229zlimwp Thu, 31 Jan 2013 17:45:36 GMT By Antonella Cinelli ROME, Jan 31 (Reuters) - A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=d4x44fwjljlf2aw Thu, 31 Jan 2013 17:35:48 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=t2ex539wi1ea0li Thu, 31 Jan 2013 15:34:04 GMT LONDON, Jan 31 (Reuters) - Royal Bank of Scotland said on Thursday it will set aside more money to compensate small firms mis-sold interest rate hedging products when it publishes its full-year results in February. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=a33vgk0v24jolfx Thu, 31 Jan 2013 14:55:09 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=9hhb9qo1rdncrr7 Thu, 31 Jan 2013 12:48:48 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could total billions of pounds after a study found they had widely mis-sold complex interest-rate hedging products to small businesses. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=iuxb9mkzequd7di Thu, 31 Jan 2013 10:20:55 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - British banks face another round of compensation claims that could again total billions of pounds after a study of interest rate hedging products sold to small firms found the vast majority were mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=wytbvfhp8yo1yop Thu, 31 Jan 2013 08:21:08 GMT By Matt Scuffham LONDON, Jan 31 (Reuters) - A pilot study of interest rate hedging products sold to small British firms found over 90 percent had been mis-sold by banks, the financial regulator said. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=4q3bw17lsw3sdzu Thu, 31 Jan 2013 07:50:15 GMT LONDON, Jan 31 (Reuters) - Britain's financial regulator said on Thursday the results of a study into the sale of complex interest rate hedging products to small firms by banks had found that the vast majority had been mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=1rsgtmdpx1hytso Thu, 31 Jan 2013 07:33:42 GMT LONDON, Jan 31 (Reuters) - Britain's financial regulator said on Thursday the results of a study into the sale of complex interest rate hedging products to small firms by banks had found that the vast majority had been mis-sold. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=1yjp00sdhjrnb3u Thu, 31 Jan 2013 07:31:51 GMT OTTAWA, Jan 30 (Reuters) - Canada's competition watchdog will flex its legal muscle more forcefully from now on to get information from companies under investigation for abusive practices, the agency's interim commissioner warned on Wednesday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=jsfuczhg9hzkfrd Wed, 30 Jan 2013 21:24:02 GMT By Laura Noonan and Matt Scuffham LONDON, Jan 30 (Reuters) - Bidders for hundreds of branches being sold by Royal Bank of Scotland submitted their offers six weeks ago, hoping for a response by the middle of this month. They're still waiting. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=qpc07f01u5jyk2x Wed, 30 Jan 2013 16:34:34 GMT By Sophie Sassard LONDON, Jan 30 (Reuters) - Royal Bank of Scotland is finally pulling the plug on its mergers and acquisitions unit after no white knight investor emerged to keep it afloat, two people familiar with the plan said. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=1us5kfts5a4uwer Wed, 30 Jan 2013 14:31:01 GMT (Adds shareholder comment, shares, reports on RBS, Barclays bonuses) Jan 29 (Reuters) - Royal Bank of Scotland Group saw 1.3 billion pounds ($2.1 billion) wiped off its value on Tuesday following a report that it could face criminal charges as part of an impending settlement over its r http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=184hfjpxsnjnfot Tue, 29 Jan 2013 19:25:50 GMT Jan 29 (Reuters) - Royal Bank of Scotland Group is close to a 500 million pounds ($785.32 million) settlement with U.S. and British authorities over claims that some of its employees submitted false Libor rates, the Wall Street Journal reported, citing people briefed on the negotiations. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=fc7w6li7vizoj3f Tue, 29 Jan 2013 06:48:57 GMT By Ann Saphir SAN FRANCISCO, Jan 28 (Reuters) - A San Francisco County supervisor is calling for an investigation into possible losses to the city and county linked to a widely used interest-rate benchmark that regulators say was manipulated. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=t6iunegir3e7p0h Tue, 29 Jan 2013 00:00:51 GMT By Ann Saphir SAN FRANCISCO, Jan 28 (Reuters) - A San Francisco County supervisor is calling for an investigation into possible losses to the city and county linked to a widely used interest-rate benchmark that regulators say was manipulated. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=lvbdlomczac0c9b Mon, 28 Jan 2013 23:57:09 GMT By Ann Saphir SAN FRANCISCO, Jan 28 (Reuters) - A San Francisco County supervisor is calling for an investigation into possible losses to the city and county linked to a widely used interest-rate benchmark that regulators say was manipulated. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=00q1qsfx3dakl8k Mon, 28 Jan 2013 23:37:42 GMT By Ann Saphir SAN FRANCISCO, Jan 28 (Reuters) - A San Francisco County supervisor is calling for an investigation into possible losses to the city and county linked to a widely used interest-rate benchmark that regulators say was manipulated. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=tggs4ud3iqrpb6p Mon, 28 Jan 2013 23:27:39 GMT LONDON, Jan 28 (Reuters) - State-run Royal Bank of Scotland is to pay as much as 250 million pounds in bonuses to employees at an investment banking division heavily implicated in the Libor-rigging scandal, the Financial Times reported on its website on Monday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=1s5famo877haviv Mon, 28 Jan 2013 23:16:52 GMT Jan 28 (Reuters) - : * Royal Bank of Scotland: Goldman Sachs cuts to sell from neutral; raises price target to 340p from 325p http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=hygahjzm91itvqe Mon, 28 Jan 2013 15:14:36 GMT DUBAI, Jan 28 (Reuters) - Abu Dhabi Commercial Bank , the United Arab Emirates' third largest lender by market value, has picked five banks for a conventional bond issue, two sources familiar with the matter said, tapping into strong investor interest for regional debt. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=z2q2shnyuefljyf Mon, 28 Jan 2013 08:20:49 GMT DUBAI, Jan 28 (Reuters) - Abu Dhabi Commercial Bank , the United Arab Emirates' third largest lender by market value, has picked five banks for a conventional bond issue, two sources familiar with the matter said on Monday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=wdt1dfft6pvxp0c Mon, 28 Jan 2013 07:44:33 GMT By Randall Palmer OTTAWA, Jan 25 (Reuters) - Britain cannot be relied on to force Royal Bank of Scotland Group Plc to give Canadian authorities documents on alleged interest rate rigging, because the British government is RBS's majority shareholder, Canada's Competition Bureau argued this http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=e02vaukdg6z2943 Fri, 25 Jan 2013 22:39:47 GMT LONDON, Jan 25 (Reuters) - British banks should simplify charges for overdrafts to help make the chequing account market more competitive by allowing people to decide easily who offered best value, Britain's consumer watchdog said. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=otqp6bow10dm05l Fri, 25 Jan 2013 09:54:39 GMT By Matt Scuffham LONDON, Jan 24 (Reuters) - Barclays was forced to name former heads Bob Diamond and John Varley, finance director Chris Lucas and other top executives and traders linked to a global rate-fixing probe, despite their calls for anonymity. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=le530bqfm7g4yhg Thu, 24 Jan 2013 18:46:47 GMT By Matt Scuffham LONDON, Jan 24 (Reuters) - Barclays was forced to name former chief executives Bob Diamond and John Varley, current finance director Chris Lucas and other top executives and traders who are linked to a global rate-fixing probe, despite their requests for anonymity. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=vorxeba7j2z9ydz Thu, 24 Jan 2013 17:46:42 GMT By Matt Scuffham LONDON, Jan 24 (Reuters) - A British judge forced Barclays to identify top executives alongside traders linked to a probe into rate fixing, naming ex CEOs Bob Diamond and John Varley and current Finance Director Chris Lucas on Thursday despite requests for anonymity. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=11fmu78pruhr587 Thu, 24 Jan 2013 14:07:24 GMT By Laura Noonan LONDON, Jan 24 (Reuters) - Banks in Spain, Italy, Ireland and Britain need to set aside much more money to cover potentially bad loans, credit ratings agency Moody's said on Thursday, meaning European taxpayers may again be tapped for cash. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=kbkpzgb8ovbfcnx Thu, 24 Jan 2013 12:18:17 GMT By Laura Noonan LONDON, Jan 24 (Reuters) - British banks could be underestimating the riskiness of their property loans and may need more capital to correct this, ratings agency Fitch said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=xqhf9rpwf1dlqh8 Thu, 24 Jan 2013 10:33:50 GMT (The following statement was released by the rating agency) Jan 24 - In order to expand lending and improve earnings, UK banks are likely to reduce their liquidity reserves during 2013, Fitch Ratings says in a newly-published report on the UK banking sector. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=rvzymlonsnkybh8 Thu, 24 Jan 2013 10:22:54 GMT LONDON, Jan 24 (Reuters) - British banks could be underestimating the riskiness of their property loans and may need more capital to correct this, ratings agency Fitch said on Thursday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=4yh519kh4e2sks7 Thu, 24 Jan 2013 09:32:27 GMT By Padraic Halpin and David Milliken BELFAST, Jan 22 (Reuters) - The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a speech on Tuesday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=02m7fakfyoxwvlq Tue, 22 Jan 2013 22:49:09 GMT By Padraic Halpin and David Milliken BELFAST, Jan 22 (Reuters) - The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=2b1d37foeb5mfxb Tue, 22 Jan 2013 20:00:03 GMT LONDON, Jan 22 (Reuters) - British entertainment retailer HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of the 92-year-old group which sought protection from creditors last week. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=kt180l4lkr51kqy Tue, 22 Jan 2013 18:40:25 GMT LONDON, Jan 22 (Reuters) - British firm HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of a 92-year-old entertainment retailer which sought protection from creditors last week. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=4xih500egrow4n8 Tue, 22 Jan 2013 18:14:53 GMT Jan 22 - Fitch Ratings says that the announced changes to Global Treasury Funds plc (GTF), managed by RBS Asset Management Limited, will not have any http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=uwy99rl2pj43cf5 Tue, 22 Jan 2013 14:54:38 GMT LONDON, Jan 22 (Reuters) - Restructuring specialist Hilco has bought the debt of HMV, according to sources close to the situation, giving it a big influence in the fate of the British entertainment retailer which fell into administration last week. http://www.lse.co.uk/ShareNews.asp?shareprice=RBS&ArticleCode=vrk9tt9i8eukq1l Tue, 22 Jan 2013 13:18:42 GMT