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Royal Bank of Scotland (RBS) is upgraded to Buy at UBS, which believes Mark Carney's appointment...
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Tuesday, November 27, 2012, 7:54 AM ETRoyal Bank of Scotland (RBS) is upgraded to Buy at UBS, which believes Mark Carney's appointment to head the Bank of England signals a more conciliatory regulatory environment for U.K. banks. Gerard Lane of Shore Capital disagrees: "He strikes us as a hardliner." Citigroup notes average bank core tier 1 capital ratios are lower in Canada than in the U.K.
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