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Royal Bank of Scotland Group PLC

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  • But a U.S. regulator cited the email as evidence that Nomura Holdings Inc and RBS made false statements about mortgage securities they sold to Fannie Mae and Freddie Mac. The FHFA's case is the first to reach trial out of 18 lawsuits the regulator filed in 2011 over some $200 billion in mortgage-backed securities that various banks sold Fannie Mae and Freddie...

  • The euro hit $1.10525 early Thursday, its highest since a nearly two-week high of $1.10625 on March 18 after the Fed released its latest policy statement, before erasing its gains. Analysts said the euro has seen selling pressure above the $1.10 mark on the view that the European Central Bank's new bond-buying stimulus program should weaken the currency...

  • NEW YORK, March 16- A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. At the start of a trial in Manhattan federal court, a lawyer for the Federal Housing Finance Agency said...

  • March 13- The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, Bloomberg reported on Friday, citing people familiar with the talks. The discussions, which have begun in earnest in recent weeks, could lead to settlements that would resolve U.S. accusations of criminal activity in...

  • NEW YORK, March 13- A U.S. housing regulator is set to take two of the world's biggest banks to trial on Monday to try and recoup more than $1 billion in damages over mortgage bonds sold to government-run mortgage finance companies ahead of the 2008 economic crisis. Lawyers for the regulator will face off with attorneys of Nomura Holdings Inc and Royal Bank of...

  • White took a balanced approach to the issue, saying the SEC will not be deterred from denying waivers to big banks if necessary. The discussion of SEC regulatory waivers was sparked last year by SEC Commissioner Kara Stein, who issued a scathing public dissent over a type of waiver granted to the Royal Bank of Scotland Group Plc after one of its units pleaded...

  • March 11- A bond trader pleaded guilty on Wednesday to conspiring to defraud Royal Bank of Scotland Group Plc customers by lying about the prices of bond transactions he handled for them in an effort to boost the bank's profit. Matthew Katke, 34, of New York, pleaded guilty to one count of conspiracy to commit securities fraud and will cooperate with prosecutors,...

  • Former Nomura trader to plead guilty to U.S. charges Wednesday, 11 Mar 2015 | 4:22 PM ET

    Attorney Deirdre Daly in Connecticut said. Matthew Katke, the trader, is expected to enter his plea in the federal court in Hartford, Connecticut. According to financial industry records, Katke joined Nomura in August 2013 after having spent five years at Royal Bank of Scotland Group Plc, and six years before that at Bear Stearns Cos.

  • In a letter filed in Manhattan federal court late on Monday, the Justice Department said the plaintiffs agreed to a six-month stay, with a few exceptions, on depositions and document exchanges. Banks including JPMorgan Chase& Co, Royal Bank of Scotland Group Plc, Citigroup Inc and UBS AG have meanwhile disclosed related investigations by the Justice Department.

  • Euro at 11-year lows – what next? Thursday, 5 Mar 2015 | 12:44 AM ET
    Euro

    The euro dropped sharply ahead of the ECB policy meeting, and some analysts see a rapid decline to parity against the U.S. dollar.

  • Europe shares end higher as ECB meeting approaches Wednesday, 4 Mar 2015 | 11:44 AM ET

    European equities finished higher on Wednesday as investors geared up for the European Central Bank's policy meeting on Thursday.

  • Barclays posts 'messy' full-year loss as shares fall Tuesday, 3 Mar 2015 | 4:05 AM ET

    U.K bank Barclays posted a loss in its full-year earnings on Tuesday as it set aside more money for potential fines.

  • After rate cut, what's next from PBOC? Sunday, 1 Mar 2015 | 9:04 PM ET

    The Chinese central bank's second rate cut in three months is insufficient, and more easing steps are needed, say economists.

  • US probe delays Barclays forex settlement Friday, 27 Feb 2015 | 12:00 AM ET

    A New York banking regulator's probe of Barclays' forex business is holding up a settlement of currency rate-rigging allegations, the FT reports.

  • Earnings, Yellen help Europe shares end higher Thursday, 26 Feb 2015 | 11:43 AM ET

    European equities rallied on Thursday, closing nearly 1 percent higher as investors reacted to a raft of corporate earnings and fresh economic data.

  • Early movers: SHLD, KSS, DNKN, TMUS, C & more Thursday, 26 Feb 2015 | 8:04 AM ET

    Some of the names on the move ahead of the open.

  • RBS gets government warning on bonuses after loss Thursday, 26 Feb 2015 | 3:51 AM ET

    RBS reported an annual net loss of £3.47 billion ($5.39 billion) in 2014 after booking a £4 billion writedown in the value of U.S. offshoot Citizens.

  • Gallagher's comments mark the latest twist in a saga at the SEC that started last spring, when the agency's two Democratic commissioners, Kara Stein and Luis Aguilar, balked at approving a waiver for the Royal Bank of Scotland after one of its units pleaded guilty to manipulating the Libor interest rate benchmark. In some cases, firms are disqualified...

  • NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...

  • *Euro short positions consolidating, keeps steady vs. dollar. NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for...