© Reuters.

Investing.com — Here is a summary of the most important regulatory news releases from the London Stock Exchange on Thursday, 19th December. Please refresh for updates.

  • Royal Bank of Scotland (LON:) replaced the top two managers at its struggling investment bank, NatWest Markets.
  • CEO Chris Marks and CFO Richard Place will step down from their roles within the bank with immediate effect. The pair will also leave roles as chair and member of the supervisory board respectively.
  • The move is a response to calls from investors for new CEO Alison Rose to fix the underperforming unit, which lost money in the third quarter and was barely profitable in the six months prior to that.
  • Robert Begbie, currently RBS (LON:) Treasurer, has been appointed interim CEO, while Robert Horrocks, RBS Finance Director will be interim CFO.
  • Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Source link