- Reuters - UK Focus•6 hours ago
Credit Suisse formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Wednesday. Zurich-based Credit Suisse will pay a $2.48 billion cash penalty and provide $2.8 billion in consumer relief, including loan forgiveness and financing for affordable housing, the Justice Department said in a statement.
- Reuters - UK Focus•8 hours ago
A U.S. appeals court on Wednesday revived a lawsuit by the Federal Deposit Insurance Corp against five banks including Credit Suisse Group AG stemming from the sales of mortgage-backed securities ahead of the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals in New York ruled that a lower-court judge had erred in dismissing the FDIC lawsuit, which also named units of HSBC Holdings Plc (Frankfurt: 923893 - news) , Royal Bank of Scotland Group Plc, UBS AG (LSE: 0QNR.L - news) and Deutsche Bank (IOB: 0H7D.IL - news) AG as defendants.
U.K. stocks suffer their worst loss in six months Tuesday, as Prime Minister Theresa May says the U.K. will aim to make a “hard Brexit,” essentially a clean break with the European Union’s single market....
RBS.L: Summary for ROYAL BANK OF SCOTLAND GROUP PL - Yahoo Finance
The Royal Bank of Scotland Group plc (RBS.L)
LSE - LSE Delayed price. Currency in GBp
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|Bid||212.40 x 654700|
|Ask||232.50 x 41000|
|Day's range||216.70 - 220.90|
|52-week range||148.40 - 268.59|
|PE ratio (TTM)||-485.59|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|