After a spinoff from the Royal Bank of Scotland, Citizens Financial Group could be poised for a bull run.
LONDON (Reuters) - State-backed Royal Bank of Scotland said on Monday it would invest over 1 billion pounds ($1.6 billion) to improve services for its commercial and corporate customers. The bank said the investment would result in simpler...Show More Summary
Philip Hampton has been chairman since February 2009; bank remains 81 percent taxpayer-owned
(Reuters) - Citizens Financial Group Inc said its initial public offering was priced at $21.50 per share, valuing the U.S. unit of Britain's Royal Bank of Scotland at about $12 billion. The IPO, which was priced below the expected range,...Show More Summary
By Harlan Levy: Michelle Girard is a managing director and chief economist at Royal Bank of Scotland. Harlan Levy: Is the U.S. economic recovery strengthening or slowing? Michelle Girard: I actually are getting more upbeat about the U.S. Show More Summary
EDINBURGH, United Kindgom – Scottish First Minister Alex Salmond has written to the head of the Civil Service to demand an inquiry into a leak at the Royal Bank of Scotland. The leak was of information that showed the bank would be unable to remain in an independent Scotland and instead would move to London. Show More Summary
By Khurram Aziz: The Royal Bank of Scotland (NYSE:RBS) is planning an ambitious IPO for their United States unit Citizens Financial Group (Pending:CFG). After spending the last six years divesting the company of assets and branches, RBS will be selling 140 million shares, with an option to sell another 21 million. Show More Summary
Scotland's leading banks warned Thursday that they would move their headquarters to England if Scots vote to leave the United Kingdom, intensifying doubts about the territory's economic future and dealing a blow to the Scottish independence...Show More Summary
A chipper Alex Salmond will have a busy time in the days following a vote for independence. When he gets up off the floor from begging the Royal Bank of Scotland not to do a Sean Connery, he has to wangle a deal on the free movement of goods and services with the EU, which [...]
Some of the biggest banks in Scotland are threatening to leave if the people vote for independence from Britain. In a move designed to pressure the people of Scotland to stay within the UK, the Royal Bank of Scotland and Lloyds Banking Group have said they will relocate if Scotland votes for independence in an upcoming referendum. Show More Summary
In a largely technical change, the Royal Bank of Scotland and Lloyds Banking Group said they would move their domiciles to England if the Yes campaign wins the referendum next week.
Headlines from Reuters, citing a U.K. Treasury source, said on Wednesday that Royal Bank of Scotland would move its headquarters from Edinburgh, Scotland to London in he case of a "Yes" vote on Scottish independence. A U.K. TreasuryShow More Summary
The Royal Bank of Scotland is making a lot of rosy assumptions in valuing Citizens Financial ahead of its I.P.O., writes Antony Currie of Reuters Breakingviews.
At the midpoint of the price range, the New England bank would be valued at $13.4 billion.
(Reuters) - Citizens Financial Group Inc, the U.S. unit of Britain's Royal Bank of Scotland, said its initial public offering was expected to raise as much as $3.5 billion, making it the biggest U.S. offering by a bank this year. The company said the offering of 140 million shares was expected to be priced at between $23 and $25 each. Show More Summary
Robin Budenberg, a former investment banker who helped advise the British government on its bailouts of Lloyds Banking Group, Royal Bank of Scotland and other banks during the financial crisis, has joined the boutique investment bank as its chairman in London.
The latest in a long line of 'unacceptable' failings could have cost borrowers their homes, says regulator One-Minute Read Wednesday, August 27, 2014 - 1:47pm The Royal Bank of Scotland and NatWest have been fined £14.5 million by the...Show More Summary
Britain's bailed-out Royal Bank of Scotland has been fined £14 million for not taking enough care to explain to home-buyers the costs of taking out a mortgage, regulators said on Wednesday. "The Financial Conduct Authority (FCA) hasShow More Summary
By Nate Raymond NEW YORK (Reuters) - Royal Bank of Scotland Group Plc said on Wednesday it had reached a settlement allowing it to use a key piece of software in its trade finance business that a U.S. judge had prevented the bank from using due to copyright infringement. Show More Summary
London (AFP) - State-controlled Royal Bank of Scotland is looking to sell the international operations of its private bank Coutts, which counts Queen Elizabeth II among its clients, according to reports on Tuesday.