The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
United Kingdom
Britain’s market watchdog to asset manager : assess value of services provided to clients
Under new guidelines, the UK’s asset managers will have to annually report an assessment of the value of their services they provide to clients, such that clients can have a firmer grip on the fund’s objectives and better undertsand its… Read More ›
Britain and EU negotiators agree to a deal on all Irish issues
This remarkable development, is likely to be read as a sign of progress in the ongoing Brexit negotiations, said to be the toughest and the most complicated the world has ever seen since WW2. In a development that underscores a… Read More ›
UK & EU secure RBS with a $1.1 billion deal
The deal brings a finality to the issue related to the spin-off of RBS’ banking division that has been dogging it since years. The European Commission has concurred with a British government plan that frees the Royal Bank of Scotland… Read More ›
Hedge funds take aim at Brexit-hit retailers
Political and economic uncertainties arising out of Brexit and May’s surprise snap elections are significantly contributing to falling sales for retailers in the UK. Britain’s inconclusive general elections along with its upcoming exit from the European Union has many hedge… Read More ›
Scotland could rewrite the UK’s history
If Scotland’s SNP party, headed by Nicola Sturgeon wins the UK’s June 8 general elections, it could potentially ensure Scotland’s stay in the EU. Nicola Sturgeon, Scotland’s First Minister has asked Scottish voters to vote for her Scottish National Party… Read More ›
Britain cozying up to China to offset EU trade
Britain hopes to stave-off the effects of a hard Brexit by partnering with China. A top official at Britain’s finance ministry has stated that Britain aspires to be China’s leading Western partner as China tries to manoeuvre itself as the… Read More ›
UK manufacturing activity at a new high
The depreciation of the pound is a double edged sword: while exports have become more lucrative, imports have become more expensive as well. As per the results of a survey, the depreciating value of the pound as well as the… Read More ›
Britain must get parliament’s approval for triggering Article 50 – UK’s Supreme Court
While this ruling was expected by analysts and lawmakers, it could complicate if not delay Theresa May’s 12-point plan of focusing on global trade. In a landmark ruling that could set Britain’s tone for Brexit, the UK’s Supreme Court has… Read More ›
Britain’s Supreme Court to decide whether parliamentary nod required to trigger Brexit
Analysts and lawmakers expect the Supreme Court’s ruling to go against the government. British Prime Minister Theresa May will find out today whether she will need the British parliament’s approval to trigger article 50 of the EU-Lisbon treaty. Britain’s Supreme… Read More ›
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