The Royal Bank of Scotland, which is 81 percent owned by the British government, has agreed to retire a financial structure that entitled the government to preferred dividends. The move opens the door to resume payouts to non-government shareholders.
``WEKO said it is investigating UBS, Credit Suisse, Zuercher Kantonalbank (ZKB), Julius Baer, JP Morgan, Citigroup, Barclays and Royal Bank of Scotland. "Evidence exists that these banks colluded to manipulate exchange rates in foreign currency trades," WEKO said in a statement. It said it assumed the most important exchange rates were affected.''
One of the architects of Britain's bailout of Royal Bank of Scotland during the financial crisis is close to being hired. ||| London - One of the architects of Britain's bailout of Royal Bank of Scotland during the financial crisis is close to being hired as the UK government-backed lender's new finance director, according to media reports. Show More Summary
LONDON (Reuters) - Royal Bank of Scotland's separation and flotation of its U.S. business Citizens could be delayed after it was one of three foreign banks which had their plans for dealing with a financial crisis rejected by the U.S. Federal Reserve.
LONDON (Reuters) - Royal Bank of Scotland said it would resubmit the capital plans for its U.S. business Citizens after it was one of three foreign banks who had plans rejected by the U.S. Federal Reserve.
The British government sold a 7.87 percent stake in Lloyds Banking Group for about $6.9 billion, reducing its stake in the British lender to less than 25 percent. But paring its 81 percent holding in the Royal Bank of Scotland seems much farther off.
LONDON/TOKYO (Reuters) - Royal Bank of Scotland has had contact regarding the possible sale of its U.S. retail business Citizens with Sumitomo Mitsui Financial Group while Mitsubishi UFJ Financial Group has also considered a bid, people with knowledge...
Advanced talks are ongoing, but what does it mean for shareholders?
You’ll get it in due time, provided your record turns up clean/you didn’t do any favors for any big boys. Barclays, Citigroup and Royal Bank of Scotland have frozen bonuses across swaths of their foreign exchange trading teams pending internal investigations into possible manipulation of key currency benchmarks. Show More Summary
By Harlan Levy: Michelle Girard is a managing director and chief economist at Royal Bank of Scotland. Harlan Levy: What are the implications from the latest consumer confidence numbers? Michelle Girard: It was surprising to see that consumer sentiment weakened in early March as a result of greater pessimism about the longer-term economic outlook. Show More Summary
(Reuters) - State-backed Royal Bank of Scotland is in advanced talks with the British government to buy back a "golden share," which would enable the lender to resume paying dividends, the Financial Times reported.
State-controlled Royal Bank of Scotland has commissioned investment bank Morgan Stanley to advise it on potential merger opportunities for its Irish unit, Ulster Bank. ||| Dublin - State-controlled Royal Bank of Scotland has commissioned...Show More Summary
Moody's cut R.B.S.'s rating a notch on Thursday in light of the potential difficulties of the British lender's turnaround plan. The bank reported an £8.2 billion annual loss in 2013 and said it could be three to five years before it recovers.
Should you buy this bailed out British bank that's attempting a turnaround?
Will Ireland's two pillar banks get another competitor?
LONDON (Reuters) - Royal Bank of Scotland is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, the Sunday Times newspaper reported.
The Royal Bank of Scotland Group (RBS) 2013 Fixed Income Call February 28, 2014 8:30 am ET Executives John Cummins - Group Treasurer Nathan Bostock - Executive Director Vandita Pant - Head of Commodity Finance Advisory Unit Richard O’Connor - Head of Investor Relations Analysts Lee Street - Morgan Stanley, Research Division Ron J. Show More Summary
Business is about opportunities. Investing is about risk. Two sides of the same coin. That's an aphorism I just made up, which I'd like to think gets to the heart of the issue about Standard Life and Royal Bank of Scotland setting out...Show More Summary
RBS HAS LOST ITS £46BN BAILOUT Royal Bank of Scotland has lost all of the £46bn pumped into it by the taxpayer in 2008, reports the Daily Telegraph. The lender confirmed that its total losses since the bailout are now level with the £46bn invested in it six years ago. Show More Summary
Royal Bank of Scotland (RBS) launched a campaign to transform itself from pariah to trusted British lender by slashing costs and repositioning itself as a UK-focused retail and commercial bank. ||| London - Royal Bank of Scotland (RBS)...Show More Summary