Post Profile

RBS’s Russian goof sets tone for UK state meddling

The UK lender is reviewing a decision to stop banking a supplier of Russian broadcaster RT. It could just be a business matter, but RBS’s 73 pct state holding makes it seem political. If a post-EU Britain is heading for more use of subsidies, such confusion will recur.
read more


Related Posts

RBS posts loss, pulls out of 25 nations

Business & Finance : Business Report

Royal Bank of Scotland (RBS) will drastically shrink its investment banking operations, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain. |...

RBS pulls off tricky bonus balancing act

News : Reuters Breakingviews Blog

The bonus pool in the investment bank is sharply down. That’s politically convenient. But the comp ratio has shot back up to 41 pct, making RBS look like a competitive payer. Adjust for some quirks in the numbers and in reality not ...

ICBC takes slow-burn approach to global expansion

News : Reuters Breakingviews Blog

The Chinese lender is buying 60 pct of Standard Bank’s UK trading business. Negotiations took over a year, and ICBC has over a decade to take full control. Slow decision making can mean missed opportunities, but caution may protect ...

Timing looks right for RBS state selldown

News : Reuters Breakingviews Blog

Cutting its 79 pct stake in the lender would leave the UK with a paper loss, yet focusing on the exact in-price is unhelpful. Better to sell than hold on for a recovery in price that may never come. Besides, the good vibes that come...

RBS has tough fight to put value in wholesale arm

News : Reuters Breakingviews Blog

The state-owned UK lender is cutting its investment bank, again, and merging it with its international payments unit. The new division aims to make more than the 12 pct group cost of capital. It must, to have any value, but it’ll be...


Copyright © 2016 Regator, LLC