|Day Low/High||6.49 / 6.58|
|52 Wk Low/High||4.98 / 8.14|
RBS rose Wednesday after saying it has reached a settlement with the Federal Housing Finance Agency over allegations of fraudulent conduct in the financial crisis sale of mortgage backed securities.
The settlement with U.S. regulators is a 'stark reminder' of the bank's 'pursuit of global ambitions.'
The Bank of England has told U.K. lenders to increase their capital buffers to protect themselves against risks ranging from Brexit to an increase in consumer borrowing.
Japanese airbag maker Takata files for chapter 11 bankruptcy. The company faced billions of dollars in liabilities over its defective airbags.
European benchmarks rose Tuesday as fallers from the previous session paired losses and concerns over political risks receded, in favor of a renewed focus on economic data and monetary policy.
RBS shares surged Tuesday after a report suggested the British bank is on the verge of agreeing a multi-billion RMBS settlement with a US regulator.
The toxic bonds were sold to Fannie Mae and Freddie Mac before the 2008 financial crisis.
European benchmarks were roundly higher at the close Friday following what was a volatile session for London, with British politics delivering yet another upset to pundits and pollsters alike.
The stocks came under pressure.
RBS clinched a last minute deal with holdouts in its 2008 rights issue lawsuit Tuesday.
RBS has agreed to an out-of-court settlement with a group of shareholders whose allegations of mismanagement could have seen former CEO Fred Goodwin submit public testimony.
RBS has already offered a settlement of about $1.3 billion.
Last ditch settlement talks between RBS and shareholder litigants could be extended by a judge Tuesday, according to a source, suggesting Monday's efforts to reach a deal have failed.
Shareholders accused the bank of misleading them ahead of the 2008 financial crisis.
The trial of British bank RBS was adjourned until the following morning on Monday so that the lender and plaintiffs could enter one last ditch round of settlement talks.
Lloyds Bank became the first of Britain's rescued lenders to return to private hands after the government sold its final stake nearly a decade after the global financial crisis.
Federal prosecutors have subpoenaed a number of banks regarding the potential manipulation of the U.S. Treasuries market.
Corporate earnings and economic growth weighed in London, while reporting companies and rising inflation had a mixed effect in the eurozone.
RBS notched its first quarterly profit in more than a year with a better-than-expected bottom line at the troubled state-owned lender.
European stocks started Friday trading on a mixed note ahead of a key series of economic data from Britain, the Eurozone and the United States.
European Stocks Set For Flat Open Ahead of UK GDP, Eurozone Inflation Data
M&A, French election relief and renewed talk of reforms to taxes and trade all helped to push European stocks higher Tuesday
Between overhead resistance and a flat-to-declining OBV line, we have to side with the bears.
RBS shares fell Tuesday after European authorities said they will investigate plans proposed by the state-owned lender to support smaller lenders instead of selling some of its small-business branches.
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A deeper pullback may be at hand, but that isn't such a bad thing.
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