4 Financial Stock Stories To Take To The Bank

The Royal Bank of Scotland Group (NYSE:RBS): Current price $8.42

RBS and Lloyds Banking Group may now avoid the requirement to sell new shares to reinforce their balance sheets, after the Bank of England employed more lenient rules than those pushed by European regulators. On Wednesday, the lenders were advised that they need to raise 25 billion pounds in additional capital, of which they have already laid presented plans to cover around half. By targeting a core Tier 1 capital ratio of 7 percent by the end of this year, instead of the 10 percent by 2019 mandated by the Basel Committee on Banking Supervision, it is no longer necessary for companies to raise that much.

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RBS

Wells Fargo & Co. (NYSE:WFC): Current price $37.00

Wells Fargo is so far the only one of the Big Banks to cash in, so to speak, on the energy boom in the Norther Plains states, by gaining significant deposits from beneficiaries of the phenomenon. Research by Sanford C. Bernstein & Co. indicates that Montana, North Dakota, Iowa, South Dakota and Nebraska were among the 10 states altogether that saw federally insured deposits grow the quickest in the five years through 2012. Deposits at Wells Fargo branches across those states jumped more than at the other lenders, as rivals such as JPMorgan Chase & Co. and Bank of America Corporation did not compete or lagged behind.

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WFC

Two Harbors Investment Corp. (NYSE: TWO): Current price $12.60

On Thursday, the corporation announced the final distribution ratio for the special dividend of its shares of common stock in Silver Bay Realty Trust Corp. As reported on March 18, the special committee of the board declared a special dividend through which Two Harbors will distribute, on a pro rata basis, 17,824,647 shares of Silver Bay common stock to stockholders of record at the close April 2nd. The stockholders will receive around 0.049 shares of Silver Bay common stock for each share of Two Harbors common stock they own of record as of April 2, subject to the liquidation of fractional shares for which stockholders will receive cash in lieu.

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TWO

Morgan Stanley (NYSE:MS): Current price $21.98

Hans Nichols tweeted that Chief Financial Officer Ruth Porat has told the White House that she is not interested in the number-two spot at the United States Treasury.

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MS

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