LONDON — The CEO of Royal Bank of Scotland (RBS) thanked staff for their dedication and determination in a memo sent on Friday and seen by Business Insider, saying the lender has "taken a substantial step forward in 2016." The memo from...Show More Summary
The Royal Bank of Scotland just reported its ninth consecutive year of losses. The bank, which is 73% state-owned, said in its full year financial results statement that it lost £6.955 billion compared with £1,979 million in 2015. The...Show More Summary
Late last week, The Royal Bank of Scotland Group announced that it will no longer pursue a sale of its Williams & Glyn unit and will instead restructure the operations to help promote competition in the U.K.’s SME (small and medium enterprises) banking sector.
LONDON — Royal Bank of Scotland (RBS) stock is jumping on Monday morning after the bank confirmed that it probably won't have to spin out its Williams & Glyn bank after all. Shares in Royal Bank of Scotland are up over 5% after almost half an hour's trade in London. Show More Summary
Britain's government is on the cusp of telling the Royal Bank of Scotland that it does not need to sell its spin-off Williams & Glyn unit, which was initially a condition of its massive government bailout in 2008. The Treasury said in...Show More Summary
LONDON — The Royal Bank of Scotland will announce an £800 million ($1 billion) cost-cutting plan for the year at the end of February, as it prepares to report a ninth consecutive year of losses, according to the Financial Times. TheShow More Summary
Good morning! Here's what you need to know in markets on Monday. 1. Royal Bank of Scotland is preparing to cut more costs and chop more workers but played down reports it will cut 15,000 staff in the next round of shrinking. A spokesman told the Telegraph "we do not recognise" the 15,000 job cuts number which was reported in the Sunday Times. 2. Show More Summary
When brazenly violating CFTC rules, it's best not to mention the CFTC explicitly.
The Swiss financial markets regulator is sanctioning a private bank linked to Royal Bank of Scotland for having "seriously breached" money laundering rules by failing to fully monitor its business … Click to Continue »
The Royal Bank of Scotland has set aside about $8.4 billion in total for inquiries and litigation related to its sale of mortgage-backed securities.
Japanese financial services firm Orix Corp said it was looking to buy more shipping loans in Europe after confirming on Monday that it would purchase $289 million worth of such debt from Royal Bank of Scotland in a landmark deal. European banks…
Japanese financial services firm Orix Corp has agreed to buy $290 million (272 million euros) worth of Greek shipping loans from Royal Bank of Scotland (RBS), Reuters reported quoting sources with direct knowledge of the deal. Reuters reported…
LONDON/TOKYO, Jan 20 (Reuters) – Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to exit the sector, sources with direct knowledge of the deal told Reuters on Friday. Show More Summary
US prosecutors accused three former London currency traders of arranging a "conspiracy" to rig the foreign exchange markets. Richard Usher, who worked at both Royal Bank of Scotland and JPMorgan, Rohan Ramchandani, a former Citi banker,...Show More Summary
LONDON — Royal Bank of Scotland shareholders are preparing for the company to be hit with the biggest fine in its history from the US Department of Justice, according to the BBC's business editor. Simon Jack said investors he has spoken...Show More Summary
Over 150 investors in Royal Bank of Scotland (RBS), supported and coordinated by ShareSoc, the UK's largest retail shareholder organisation, and the UK Shareholders’ Association (UKSA), have requisitioned a special resolution to establish a new shareholder committee at the bank to raise corporate governance standards and chase down “poor stewardship”. [...]
Royal Bank of Scotland's smaller shareholders are lobbying the bank to set up a special committee so that they have more control over pay for directors, the BBC reported. The committee would also be able to "scrutinise" the bank's long-term...Show More Summary