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Banks

StanChart says approval for Frankfurt Brexit hub pushed to autumn

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LONDON Standard Chartered will likely have to wait until the autumn at the earliest for approval from German and European banking regulators to turn its Frankfurt branch into its European Union subsidiary, a spokeswoman for the bank said on Monday.

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Tesla shares head for three-month low as deal doubts grow 1:52pm BST

Tesla Inc shares fell 7 percent early on Monday as a $113 cut in JPMorgan Chase's price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.

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Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct 15 Aug 2018

WASHINGTON Royal Bank of Scotland will pay $4.9 billion (£3.86 billion) to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday. | Video

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RBS adds dividend appeal, some investors need convincing 15 Aug 2018

LONDON Paying a dividend will broaden interest in Royal Bank of Scotland , but a sudden influx of new shareholders is unlikely given the British government's still dominant stake and as investors wait to ensure it can sustain the payout.

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First Direct tops Britain's first banking quality survey, RBS in last place 15 Aug 2018

LONDON First Direct, Metro Bank and Nationwide Building Society came top in Britain's first mandatory sector-wide customer surveys to help people choose the best bank, with Royal Bank of Scotland at the bottom of the list.

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Berkshire boosts Goldman, Teva stakes; buys more Apple 14 Aug 2018

Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.

Hardcore hedge fund bulls say Iran sanctions may see oil at $150 14 Aug 2018

LONDON Clouds are gathering over the outlook for the oil market, as trade tensions and rising crude supply threaten to swamp demand growth, but some of the world's most prominent energy investors are convinced the price will return to record highs.

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Musk says Silver Lake, Goldman advising on taking Tesla private 14 Aug 2018

Tesla Inc Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc as financial advisers on his plan to take the U.S. electric car maker private. | Video

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Barclays shifting ownership of European branches to Irish unit ahead of Brexit - sources 13 Aug 2018

LONDON Barclays has begun shifting direct ownership of its French, German and Spanish branches from a British-based entity to its Irish bank, according to sources with direct knowledge of the plans, ahead of Britain's exit from the European Union.

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MPs 'disappointed' over regulator's inaction on RBS 13 Aug 2018

A group of MPs has criticised the Financial Conduct Authority (FCA) for not taking further action against Royal Bank of Scotland Group Plc after an investigation into the bank's treatment of business customers.