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>> ROYAL BANK OF SCOTLAND Latest News

APR 22, 2013 - MarketWatch

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Financial stocks down after March home sales slip

NEW YORK (MarketWatch) -- Financial stocks were down on Monday, slipping on lower existing-home sales for March. The Financial Select Sector Fund SPDR , which tracks financial stocks in the S&P 500 , was down 0.3% in early trading. J.P. Morgan Chase & Co. was down 0.2% and Citigroup Inc. was down 0.6%. Morgan Stanley was up 1%. The U.K. government could create a new "bad bank" to house toxic assets on the balance sheet of RBS and Lloyds, which were bailed out during the financial crisis, according to media reports. Royal Bank of Scotland Group PLC was up 2.28%. Barclays PLC and Credit ... Read More

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