Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

The Royal Bank Scotland (RBS) said Friday it responded to the U.K.’s Financial Conduct Authority with regard to media speculation that highlighted an alleged money laundering scheme involving Russian entities between 2010 and 2014. ADRs climbed more than 1% intraday. “Allegedly certain European banks, including 17 UK based financial institutions, and certain U.S. banks, were involved in processing certain transactions associated with this scheme,” the lender said in a Form […]

Read More ˃
U.S. Stocks Drop As Investors Question Whether Trump Can Deliver on Tax Cuts

U.S. Stocks Drop As Investors Question Whether Trump Can Deliver on Tax Cuts

U.S. stocks were lower at mid-day as President Donald Trump’s failure to deliver on his health care reform package sparked worries he may have trouble delivering on other campaign promises to ignite the economy. European and Asian stocks also closed lower on the failed health care bill. Investors are now growing skeptical of Trump’s plans for tax cuts and fiscal stimulus, including infrastructure spending, as well as solidarity among Congressional […]

Read More ˃