Royal Bank of Scotland Group PLC


  • NEW YORK, Dec 18- A U.S. judge said Thursday he would likely vacate the guilty pleas of four men accused of engaging in an insider trading scheme ahead of an IBM Corp deal, as fallout continued from an appellate ruling curtailing authorities' abilities to pursue such cases. Thursday's hearing centered on guilty pleas entered before the appellate ruling came down...

  • *Oil price plunge knocks Norway, Canadian dollar lower. NEW YORK, Dec 12- The U.S. dollar cut its losses against the euro, extended gains against the yen and reached an 11- year high against the Norwegian crown on plunging oil prices and stronger-than-expected U.S. economic data on Friday. U.S. consumer sentiment rose to an eight-year high in December, above...

  • NEW YORK/ WASHINGTON, Dec 11- U.S. prosecutors, already smarting from a appeals court ruling that weakens their ability to crack down on future insider trading, on Thursday faced widening fallout from the decision as some existing cases threatened to unravel. Lawyers for some defendants hinted they might seek to withdraw guilty pleas, and a Manhattan federal...

  • MELBOURNE, Dec 8- Societe Generale has suspended its involvement in financing a $10 billion coal mine, rail and port project being developed by India's GVK conglomerate and Australian billionaire Gina Rinehart, citing the project's years-long delay. "We have been working with Societe Generale on a specific element of the financing arrangements for our...

  • European banks miss out on global revival Tuesday, 2 Dec 2014 | 10:44 AM ET
    Bear and bull statues are pictured in front of the Frankfurt Stock Exchange in Frankfurt, Germany.

    Banks around the world are in profit for the first since the financial crisis—except for in Europe, according to a new report by BCG.

  • Midday movers: Intel, Toyota, Petrobras & more Friday, 21 Nov 2014 | 12:25 PM ET
    Trader on the floor of the New York Stock Exchange.

    Take a look at some of Friday's midday movers:

  • For example, following its purchase of the RBS Sempra commodities business in mid-2010, JPMorgan Chase& Co sought Fed permission to trade a range of niche physical oil products such as asphalt, Canadian condensate and marine diesel. After it became clear that the Fed would not grant the request, JPMorgan withdrew it. "The decision of the Federal Reserve not to...

  • WASHINGTON, Nov 19- The U.S. Department of Justice collected a record $24.7 billion in penalties from fraud and other cases in fiscal year 2014, the agency said on Wednesday, as fines against banks for financial misconduct soared. Collections in 2014 were boosted by multi-billion dollar payouts from JPMorgan Chase& Co and Citigroup Inc to resolve claims they...

  • Daryl Payton, who had been a trader at Connecticut- based Euro Pacific Capital Inc, pleaded guilty last week to one count of conspiracy to commit securities fraud in federal court in New York. Payton took part in an insider trading scheme centered on a technology company acquired by International Business Machines Corp in 2009.. Three other people have also...

  • LONDON, Nov 17- An international settlement over allegations of manipulation in the foreign exchange market shows reform of Britain's banking system is still badly needed and must not be diluted, a group of British lawmakers said on Monday. Regulators last week imposed fines totalling $4.3 billion on HSBC Holdings Plc, Royal Bank of Scotland Group Plc,...

  • UBS looking to take back bonuses from forex traders Friday, 14 Nov 2014 | 6:26 PM ET

    Nov 14- UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders. HSBC Holdings Plc, Royal Bank of Scotland Group Plc, JPMorgan Chase& Co and Citigroup Inc are the other banks looking to take back bonuses, according to the FT report. JPMorgan declined to comment on the FT report,...

  • Early Movers: BHI, HTZ, SBUX, HLF & more Friday, 14 Nov 2014 | 8:05 AM ET

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

  • Bank scandal sparks CFTC outrage, aggression Wednesday, 12 Nov 2014 | 5:35 PM ET
    Timothy Massad

    In the wake of a massive settlement, CFTC chief Timothy Massad tells CNBC areas of bank industry need increased oversight. Get the details.

  • Next for banks: Layoffs, chat smackdown, more regs Wednesday, 12 Nov 2014 | 2:45 PM ET

    For banks at the center of the recent foreign exchange investigation, paying the $3.4 billion in fines might be the easy part.

  • Forex manipulation: How it worked Wednesday, 12 Nov 2014 | 12:59 PM ET

    The inquiry into alleged manipulation of the currency market now takes in the world’s biggest banks, traders – and now the U.K’s central bank.

  • Europe shares sink; banks suffer; DAX down 1.8% Wednesday, 12 Nov 2014 | 11:58 AM ET

    European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.

  • Retail earnings, banks in focus on Wall Street Wednesday, 12 Nov 2014 | 8:52 AM ET

    Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.

  • Early Movers: BZH, YHOO, AOL, SEAS, AGN, WMT & more Wednesday, 12 Nov 2014 | 8:27 AM ET
    Trader on the floor of the New York Stock Exchange.

    These are the stocks posting the largest moves before the bell: BZH, YHOO, AOL, SEAS, AGN, WMT & more.

  • Watchdogs impose $3.4B fines in bank forex probe Wednesday, 12 Nov 2014 | 5:05 AM ET
    People at a Chase bank branch in New York.

    Financial regulators on both sides of the Atlantic imposed multibillion-dollar fines on five global banks for rigging key foreign exchange markets.

  • US, Europe to announce bank currency settlement Wednesday, 12 Nov 2014 | 12:32 AM ET

    Regulators worked late to announce a multibillion-dollar settlement with five global banks to resolve charges of attempted currency manipulation.