The Financial Conduct Authority visited Barclays 186 times last year. That's more than double the 85 appointments the FCA had with HSBC, and almost triple the 65 visits to Royal Bank of Scotland, according to a report from Bloomberg....Show More Summary
Apple Pay went live in the UK this morning. More than 250,000 locations in the UK are set up to accept Apple Pay at launch, with support from Royal Bank of Scotland, Santander, Natwest, Halifax, and Lloyds. HSBC isn't supporting the service until later in the month, despite leaking the launch date in an accidental Tweet yesterday. Show More Summary
Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday.
LONDON/ATHENS (Reuters) - Royal Bank of Scotland is winding down its Greek operation and is putting its $5 billion shipping loans portfolio up for sale as the group scales back on non-core activities, finance sources familiar with plans said on Friday. Show More Summary
A computer glitch at the Royal Bank of Scotland last month wiped out about 600,000 payments -- a problem that took four days to fix. Similar disasters coincide with rising demand for real-time analytics, which can help organizations identify and remedy problems before tragedy strikes. “Many traditional payments monitoring tools have [...]
By Matt Scuffham LONDON (Reuters) - Britain is planning to sell half its stake in Royal Bank of Scotland, worth 16 billion pounds ($25 billion), within two years of a possible first sale in September, according to people with knowledge of government thinking. Show More Summary
Royal Bank of Scotland has been warned in a US court that it could face a $13bn (£8.3bn) bill in a case making allegations about its behaviour before the 2008 crisis. The 79% taxpayer-owned bank is fighting a long-running case in a Connecticut...Show More Summary
IN THE autumn of 2008, Alistair Darling, Britain's finance minister, was told that Royal Bank of Scotland was just two hours from folding, causing cashpoints to run out of money. The same fears motivated the massive rescue programme in America - the bank bailouts, fiscal stimulus and monetary easing by the Federal Reserve. Show More Summary
The outgoing chairman of the Royal Bank of Scotland has been heavily criticised by shareholders at his final AGM in Edinburgh. ||| London - The outgoing chairman of the Royal Bank of Scotland has been heavily criticised by shareholders at his final annual general meeting in Edinburgh. Show More Summary
The Royal Bank of Scotland's AGM was filled with angry shareholders and small business owners that demanded answers from the 81% government-owned bank over a raft of misselling scandals. Earlier this week, outgoing RBS chairman Philip Hampton told the Financial Times: “Most AGMs are a roasting. Show More Summary
The Royal Bank of Scotland has processed the 600 000 transactions that were delayed this week in its latest payments failure. ||| London - Royal Bank of Scotland Group PLC said it has processed the 600 000 credit- and direct-debit transactions that were delayed this week in the government-owned bank’s latest payments failure. Show More Summary
The Royal Bank of Scotland and its subsidiary Natwest just confirmed that it has returned around 600,000 payments that failed to enter the accounts of RBS customers earlier this week. In a statement sent to Business Insider, an RBS spokesperson...Show More Summary
Britons are freaking out over how the Royal Bank of Scotland and its subsidiary Natwest made thousands of customers' pay cheques, welfare payments, and transfers disappear. What makes the situation worse, is that the customers are STILL...Show More Summary
Gains in Royal Bank of Scotland shares bolstered Britain's top equity index on Thursday. ||| London - Gains in Royal Bank of Scotland shares bolstered Britain's top equity index on Thursday on news it would be returned to private hands sooner than expected, while Royal Mail stock fell after the government sold half its stake at a discount. Show More Summary
Finance Minister George Osborne says the British government will start selling its shares in the Royal Bank of Scotland. ||| London - Shares in Royal Bank of Scotland rose on Thursday after Britain's Finance Minister George Osborne said the government would start selling its shares in the bank. Show More Summary
UK Chancellor George Osborne revealed last night that in his annual Mansion House speech that the government will be sell its stake in the Royal Bank of Scotland at possibly a £7 billion ($10.8 billion) loss to the taxpayer. OsborneShow More Summary
British government says it will soon start divesting its 80% stake in Royal Bank of Scotland.
Britain is projected to lose money initially as it begins to sell its 80 percent stake in R.B.S., but George Osborne, chancellor of the Exchequer, suggests taxpayers will ultimately come out ahead.
Royal Bank of Scotland (RBS) was assessing the behaviour of employees at its investment bank and considers cutting bonuses after it took a $669 million (R8.02 billion) fine by US authorities for rigging currency markets. ||| RichardShow More Summary
Royal Bank of Scotland, Britain’s largest taxpayer-owned lender, could pay as much as $4.5 billion (R53.9bn) to resolve claims of misconduct in its handling of US mortgage securities, according to Bloomberg Intelligence. ||| RichardShow More Summary