The latest steps to rescue China's sagging property sector are among the most high-profile yet, but don't expect a market turnaround, economists say.» Read More
LOS ANGELES, Sept 29- People with federal student loan debt now have a few options to lower their rates with private consolidation loans, but consumer advocates warn they could be giving up vital protections in doing so.
UK regulator is talking with six major banks for possible settlement on alleged foreign exchange market rigging.
LONDON— Philip Hampton, the chairman of the Royal Bank of Scotland Group, has announced that he's leaving the company and joining the board of GlaxoSmithKline to become chairman in 2015.. Britain bailed out RBS, which remains 81 percent taxpayer-owned.
GlaxoSmithKline said on Thursday it had chosen Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman.
NEW YORK— Shares of Citizens Financial Group rose on their first day of trading joining a broader rally in the markets. The bank, based in Providence, Rhode Island, is the U.S. banking unit of The Royal Bank of Scotland Group. The stock, listed on the New York Stock Exchange under the symbol "CFG," rose $1.58 to close at $23.08.
The largest-ever initial public offering for a bank is unlikely to prompt a stampede for the sector.
This week was supposed to be a major test of the IPO market after Alibaba. The results are in, and they are decidedly mixed.
this week finding that Arab Bank Plc provided material support to Hamas could cause banks to cut ties to foreign banks and customers and make it even harder to monitor the financing of militant networks, banking industry representatives said.
Sept 24- Shares of Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland Group Plc, rose as much as 3.5 percent in their market debut, valuing the lender at about $12.5 billion in the biggest U.S. bank IPO since the financial crisis.
The stock for the U.S. banking unit of The Royal Bank of Scotland Group gained $1.58, or 7.4 percent, to $23.08 Wednesday while the broader markets had their best day in more than a month. Citizens Financial Group raised about $3 billion in an initial public offering of 140 million shares.
Sept 24- Shares of Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland Group Plc, rose less than 1 percent in their debut, valuing the company at about $12 billion in the biggest U.S. offering by a bank since the financial crisis.
Some of the names on the move ahead of the open.
U.S. stock index futures pointed to a higher Wall Street open on Wednesday, ahead of further housing market indicators.
Shares of Citizens Financial Group, the U.S. unit of Royal Bank of Scotland, rose less than 1 percent in their debut.
Goldman Sachs is the latest bank to slash its growth outlook for China as weak economic activity triggers fresh concerns of over slowing growth.
NEW YORK— Citizens Financial Group Inc. has raised about $3 billion in its initial public offering of stock that was priced at $21.50 a share, below the expected range. The U.S. banking unit of The Royal Bank of Scotland Group said late Tuesday that it sold 140 million shares in the IPO that had initially been expected to fetch between $23 to $25 a share.
NEW YORK, Sept 22- A U.S. appeals court on Monday revived lawsuits against National Westminster Bank by about 200 victims of attacks in Israel attributed to Hamas who are seeking to hold the bank liable for handling transactions linked to the group.
NEW YORK— A federal appeals court on Monday reinstated a lawsuit in which victims of terrorist attacks in Israel accused the National Westminster Bank of supporting Hamas, just hours before a Brooklyn jury ruled against a bank in a similar case.
NEW YORK, Sept 22- A U.S. appeals court on Monday revived lawsuits against National Westminster Bank by about 200 victims of attacks in Israel attributed to Hamas who are seeking to hold the bank liable for handling transactions linked to that group.
A new wave of IPOs is building, and will answer the market's question of whether there's life after Alibaba's massive offering.