4 Financial Stock Stories To Take To The Bank

Deutsche Bank (NYSE:DB): Current price $39.12

Germany’s big bank has been placed on watch for a possible downgrade by Standard & Poor’s Ratings Services after it recently disclosed a downward revision of its earnings estimates. Deutsche Bank is presently rated at A-plus, six levels into investment grade. The ratings firm explained that ongoing economic, regulatory, and legal risks will continue to impact the bank’s performance, adding that its 2012 results were weak overall. S&P said that these risks could deter the rate of internal capital generation and its ability to divest risk assets at acceptable cost.

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DB

The Royal Bank of Scotland Group (NYSE:RBS): Current price $8.39

On Tuesday, a high United Kingdom Treasury official that breaking up the  state-controlled lender into a “good” and “bad” bank has not quite been taken off the table, and that such a thing might at some point be recommended by government members. The permanent secretary to the treasury Nicholas Macpherson told a panel of lawmakers that oversees economic policy in the United Kingdom that proposals to split RBS into a good bank that can be taken private and a bad bank replete with RBS’s bad loans “might be the right thing to do.” However, he indicated that lawmakers and the public should be “under no illusions” that such a strategy would be quick and cheap.

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RBS

General Electric Company (NYSE:GE): Current price $23.11

GE Capital Retail Bank has extended its multi-year agreement so as to offer the Belk Rewards private label credit card program. Belk, the country’s biggest privately-owned retailer, divested the credit card portfolio to GE Capital and debuted the enhanced offering in 2005. GE Capital’s Retail Finance unit, which manages the relationship and services the account, is also honoring Belk’s 125th anniversary by introducing an updated branded credit card with a 125 years icon to their accountholders and being an exclusive, presenting sponsor for Belk’s 125 Days of Service initiative, dedicated to improving conditions at 250 Title 1 schools in low-income communities throughout 16 states.

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GE

American Express Company (NYSE:AXP): Current price $67.16

American Express and Wal-Mart Stores have announced that their joint Bluebird debit and checking alternative which debuted in October now comes with $100,000 of FDIC insurance, besides the already known fact that Bluebird added an important convenience: direct deposit for all government payments. In 2012, the two partners said that Bluebird was created for the tens of millions of Americans who don’t use banks, referring to them as the “unbanked, underbanked and the unhappy banked.”

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AXP

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