Asia stocks edge down on Europe bank woes, lower oil
TOKYO Asian stocks were lower on Wednesday, with European banking sector concerns and lower crude oil prices dulling investors' appetite for riskier assets.
SIENA, Italy The situation at Banca Monte dei Paschi di Siena (BMPS.MI), Italy's third biggest lender, is completely under control, the bank's chairman said on Friday.
"I'd like to remind you that we have 31,000 employees, we are a great company with six million customers," Chairman Alessandro Profumo told a shareholder meeting.
The bank has come under pressure because of losses due to complex derivatives deals carried out in 2006-09.
(Reporting By Silvia Aloisi, editing by Stephen Jewkes)
NEW YORK Royal Bank of Scotland Group Plc will pay $1.1 billion (845.18 million pounds) to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said on Tuesday.
Long-term prospects are positive for the UK economy and it is performing as the Bank of England had expected when it introduced stimulus measures in August to cushion the economic shock from the June Brexit vote, Governor Mark Carney said in an interview with Herald Scotland.