``The bank, which remains 81% owned by taxpayers, said it had made the decision to hold the payments as it continues to investigate the conduct of more than 50 former and current employees.''
The Royalest Bank of Scotland is holding onto some unvested until it determines who did/didn’t committ fraud. The Royal Bank of Scotland said on Tuesday that it was holding payment of a unvested portion of bonuses to 18 current and former employees until it completes an internal review of its foreign currency trading operations. Show More Summary
Here's a great letter from an irate contractor who was working at the Royal Bank of Scotland's headquarters in London when his lunch was rather rudely interrupted by a PR stunt organised by Russell Brand. To be fair to Russell he was actually big enough to reply and apologise for losing his temper and spoiling Jo's lunch. Show More Summary
One RBS business analyst just tore Russell Brand a new one. The drug-abusing-playboy-turned-political-activist stormed the London headquarters of the Royal Bank of Scotland last week, confronting any and all employees he could find and demanding to know their salaries. Show More Summary
The Royal Bank of Scotland, the Lloyds Banking Group and the Co-operative Bank would not have had sufficient capital to comfortably weather a sharp financial downturn at the end of 2013, the Bank of England found.
The results of the UK's bank stress tests are now out. The Co-operative Bank, Royal Bank of Scotland and Lloyds were all told that they need to strengthen their capital. The Co-op Bank also has to submit a new capital plan, meaning it...Show More Summary
(Reuters) - Italy's retail bank Intesa SanPaolo is looking at a possible bid for Coutts International, the wealth management arm of Royal Bank of Scotland, the Financial Times reported. Intesa is trying to persuade RBS to sell the whole...Show More Summary
LONDON (Reuters) - Royal Bank of Scotland said on Friday that it wrongly calculated its core capital for a test of its financial health by European regulators and only marginally passed a test it initially appeared to have passed comfortably. Show More Summary
Dear Mr. Draghi, we are very sorry but we messed up on the 'stress test'. The Royal Bank of Scotland shares are sliding after it admitted that it made an error - not in favor the bank - in its stress test calculations... RBS: CET1 STRESS...Show More Summary
Royal Bank of Scotland (RBS) has been fined £56 million (R967m) by UK’s financial regulators for a system crash in 2012 that left millions of customers unable to make or receive payments. ||| Matt Scuffham London ROYAL Bank of Scotland...Show More Summary
Royal Bank of Scotland has been fined 56 million pounds (R976 million) by Britain's financial regulators. ||| London - Royal Bank of Scotland has been fined 56 million pounds (R976 million) by Britain's financial regulators for a system crash in 2012 that left millions of customers unable to make or receive payments. Show More Summary
A software problem in June 2012 left more than 6.5 million customers at R.B.S., National Westminster Bank and Ulster Bank unable to access their accounts.
RBS FINED £56M FOR SOFTWARE GLITCH Royal Bank of Scotland has been fined £56m by the Financial Conduct Authority and the Prudential Regulation Authority for a 2012 incident when a software upgrade left millions of customers unable to access their accounts. Show More Summary
Company news, markets and financial talking points, available from 8am Monday to Friday RBS FINED £56M FOR SOFTWARE GLITCH Regulators have handed Royal Bank of Scotland a £56m fine over the 2012 software issue that left millions of customers unable to access accounts. Show More Summary
(Reuters) - Royal Bank of Scotland Plc's securities unit will now exit its U.S. mortgage trading business after originally planning to shrink it by two-thirds. Exiting mortgage backed-security, commercial real estate and commercial mortgage-bond...Show More Summary
This time, it's a $4.2 billion fine. That's how much UBS, HSBC, Citibank, JP Morgan Chase, Bank of America, and the Royal Bank of Scotland are collectively paying to U.S., U.K., and Swiss regulators for rigging the foreign-exchange, or FX, market. Just another day on Wall Street. This latest malfeasance was something regulators hadn't worried about […]
Five Massive Banks Were Just Fined $3.3 Billion For Allegedly Manipulating Currency Markets. UBS, the Royal Bank of Scotland, JP Morgan, HSBC and Citibank were all fined more than of $3.2 billion by authorities in Switzerland, the UK, and the US this morning. The US And China Just Made A Landmark Joint Deal On Climate Change. Show More Summary
HSBC, Royal Bank of Scotland, UBS, JP Morgan Chase and Citibank all forced to pay up by FCA and CFTC One-Minute Read Wednesday, November 12, 2014 - 9:51am UK and US financial regulators have together fined five banks a total of £2bn for fixing foreign exchange rates. Show More Summary
Early Wednesday, five major banks agreed to pay U.S. and British regulators more than $3 billion to settle charges of manipulating the foreign-exchange market. The five banks — HSBC, Royal Bank of Scotland, UBS, J.P. Morgan Chase, and Citigroup — will pay the U.S. Show More Summary
``The six banks are Switzerland's UBS (UBSN.VX), U.S. banks JP Morgan (JPM.N) and Citigroup (C.N) and Britain's HSBC (HSBA.L), Barclays (BARC.L) and Royal Bank of Scotland (RBS.L), sources said. They are expected to be fined a total of about 1.5 billion pounds ($2.37 billion).''