UK banking has been taking a hit this monday morning, especially RBS (RBS.L) after a downgrade by Credit Suisse and continuing fears over Scottish Independence.
Credit Suisse rated RBS as ones of its ‘key underperforms’ in the sector compounding negativity on the stock after RBS’s recent comments that Scottish Independence could see a material impact on the performance of the company. RBS in a recent statement said a Yes vote could have “material adverse effect” as the bank still struggles to iron out continuing issues from the credit crunch era.
UK banking has been taking a hit this monday morning, especially RBS (RBS.L) after a downgrade by Credit Suisse and continuing fears over Scottish Independence.
Credit Suisse rated RBS as ones of its ‘key underperforms’ in the sector compounding negativity on the stock after RBS’s recent comments that Scottish Independence could see a material impact on the performance of the company. RBS in a recent statement said a Yes vote could have “material adverse effect” as the bank still struggles to iron out continuing issues from the credit crunch era.
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