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[BN] 2016.09.28 5:42
Germany’s largest lender extended losses to a record low this week, dragging down European financial stocks

The Bloomberg Europe 500 Banks and Financial Services Index has declined 4.2 percent in September, making it the worst month since June, when Britain’s vote to exit the European Union



—  RBS will pay $1.1 billion to settle National Credit Union Administration claims stemming from the company’s sale of mortgage-backed securities to two corporate credit unions, the regulator said on Tuesday. The settlement is substantially covered by existing provisions and will have no material impact on the RBS’s CET1 ratio, the bank said in a separate statement.
— We’re clearly in an environment of very low rates and this is weighing on the banking industry and especially on banks like Deutsche Bank and UniCredit, that need to reinforce their capital while profitability is under pressure,” said Christian Sole 



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