Royal Bank of Scotland (RBS) is upgraded to Buy at UBS, which believes Mark Carney's appointment...

|About: The Royal Bank of Scotla... (RBS)|By:, SA News Editor

Royal 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.