Proactiveinvestors Australia - Banks RSS feed Proactiveinvestors Australia - Banks feed en Sun, 21 Jan 2018 15:22:42 +1100 Genera CMS ChimpChange signs strategic deal with U.S. e-commerce store Hollar Inc. Fri, 18 Aug 2017 09:11:00 +1000 Early Movers: Sky & Space Global, Prima Biomed Ltd, Galaxy Resources, XJO, National Australia Bank Mon, 17 Jul 2017 10:31:00 +1000 ChimpChange raises funds to accelerate digital banking growth Fri, 19 May 2017 15:30:00 +1000 CMA tries again to resolve retail banking inertia Tue, 09 Aug 2016 19:33:00 +1000 Lloyds share sale could still net £2.7bn gov't profit, says broker Mon, 08 Aug 2016 22:49:00 +1000 RBS deep in red as provisions keep on coming Fri, 05 Aug 2016 18:08:00 +1000 HSBC returns US$2.5bn to investors despite profit dip Wed, 03 Aug 2016 17:20:00 +1000 Bank shares dip as watchdog extends PPI claim deadline Tue, 02 Aug 2016 20:34:00 +1000 Royal Bank of Scotland takes hit in European stress tests Mon, 01 Aug 2016 16:55:00 +1000 Lloyds Banking Group warns of hit from 'Brexit' jitters Thu, 28 Jul 2016 20:15:00 +1000 Royal Bank of Scotland and Natwest may charge for bank accounts Tue, 26 Jul 2016 20:45:00 +1000 Homeloans Ltd to reveal material transaction Homeloans Ltd (ASX:HOM) has been granted a trading halt by the ASX today, pending details of a proposed material transaction that involves a change of control.

The halt will remain in place until the opening of trade on Thursday 21st July 2016, or earlier if an announcement is made to the market.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Tue, 19 Jul 2016 15:30:00 +1000
Asset managers "detach from UK" as BoE readies help for banks Mon, 04 Jul 2016 22:00:00 +1000 Bank share prices fall amid fears of Brexit disruption and job cuts Mon, 27 Jun 2016 21:25:00 +1000 HSBC coughs up US$1.58bn to settle Household legacy Fri, 17 Jun 2016 18:15:00 +1000 Arbuthnot loosens grip on Secure Trust with £145mln sale Fri, 27 May 2016 18:01:00 +1000 Banking shake-up sparks criticism from rivals Wed, 18 May 2016 00:50:00 +1000 Barclays to bank £600mln in part-sale of African business Thu, 05 May 2016 17:35:00 +1000 HSBC weathers volatile market with lower than expected losses Tue, 03 May 2016 18:40:00 +1000 RBS first-quarter losses more than double Fri, 29 Apr 2016 16:50:00 +1000 Royal Bank of Scotland Group shares fall as it warns on divestment deadline Fri, 29 Apr 2016 01:01:00 +1000 Lloyds Banking Group profits nearly halve on market volatility Thu, 28 Apr 2016 16:45:00 +1000 ITUS Corp's chief interviewed on TV about cancer platform Tue, 26 Apr 2016 22:49:00 +1000 HSBC adopts new pay policy amid City backlash Fri, 22 Apr 2016 22:51:00 +1000 ITUS Corporation shares up on Anixa Diagnostics news Tue, 19 Apr 2016 23:36:00 +1000 ITUS featured on national and local radio broadcasts Fri, 15 Apr 2016 05:09:00 +1000 UPDATE - RBS's losing run hits eight years Sat, 27 Feb 2016 00:39:00 +1100 Lloyds Banking Group unveils higher profits and £4bn PPI hit Thu, 25 Feb 2016 18:55:00 +1100 Standard Chartered posts first loss since 1989 as bad debts soar Tue, 23 Feb 2016 22:21:00 +1100 HSBC profits flat, faces new probe Mon, 22 Feb 2016 19:41:00 +1100 'Is potential $12 bln fine for RBS enough?' asks BCG Partners' Mike Ingram The Royal Bank of Scotland (LON:RBS) could reportedly face a penalty of more than $12 bln over its mis-selling scandal in the US . The bank, which is more than 70% owned by the British taxpayer, hasn’t set aside any money for a settlement with the US Department of Justice over its sale of residential mortgage-backed securities before the 2008 banking crisis.

Market Strategist at BCG Partners, Mike Ingram tells Proactive: ''The question I'm asking myself is will it just be $12 bln. As a benchmarking exercise consider what we know for instance about the Deutsche Bank debacle ... supposedly a $14 bln fine has been suggested by the DoJ.''

''Deutsche's total RMBS exposure to my understanding is something like $18.6 bln  ... RBS' exposure is potentially north of $32 bln, which of course raises the question is $12 bln enough''.

Ingram adds: ''It's not the only legal battle and possible fine RBS is facing going forward. They are somewhat behind the curve in reaching financial settlements and there are potentially huge contingent liabilities against their capital base, against their balance sheet.''

Fri, 18 Nov 2016 01:36:00 +1100