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Citi: The Global Economy Is Trapped in a ‘Death Spiral’

Weeks after the Royal Bank of Scotland advised its investors to “sell everything,” Citi has decided to provide its own clients with fodder for a panic attack. In a report released Thursday, the bank warned that the global economy appears to be “trapped” in a “death spiral.”Here’s a thumbnail sketch... More »

RBS is still a mess but it's better that taxpayers hold onto it for now

The Royal Bank of Scotland unleashed a horrendous market update – warning it would take a £2.5 billion ($3.6 billion) hit. The bank is paying out on legal bills and extra provisions for misselling, writedowns on its private bank andShow More Summary

R.B.S. Expects to Report an Annual Loss for 2015

Royal Bank of Scotland, which is based in Edinburgh and is in the middle of a large restructuring plan, has not posted an annual profit since 2007.

RBS profit hit by 2.5 billion pound in extra provisions

By Jane Merriman LONDON (Reuters) - Royal Bank of Scotland said it would take a surprise 2.5 billion pound ($3.58 billion) hit to its fourth-quarter profits after setting aside more cash to cover litigation costs, compensation for mis-selling loan insurance and an impairment charge at its private bank. Show More Summary

RBS just dropped a horrendous market update and confirmed it'll make a loss in 2015

The Royal Bank of Scotland just dropped a horrendous market update which included billions of pounds worth of writedowns, provisions for civil lawsuits and compensation for victims of mis-selling. These are the most important pointsShow More Summary

How Bad Will The Financial Crisis Get?

Royal Bank of Scotland economists recently advised clients to ‘sell everything ahead of stock market crash’, indicating a world wide financial crash on the scale of 2008 if not worse.

Ex-Royal Bank of Scotland employee pleads guilty to securities fraud conspiracy

(Reuters) - A bond trader pleaded guilty on Monday to conspiring to defraud Royal Bank of Scotland Group Plc customers by misrepresenting the prices of bond transactions he and others handled for them in an effort to boost the bank's profit. Show More Summary

R.B.S. Considering Sale of Williams & Glyn

Royal Bank of Scotland had been preparing to spin off the branch network in 2017, but it said it had received informal approaches for the unit.

The biggest issue holding back RBS' 'challenger bank' IPO is that it still doesn't have a banking licence

The Royal Bank of Scotland just updated the markets with its plight to build up and sell off its own "challenger bank" Williams & Glyn on the stock market by the end of 2017. The biggest issue holding back the sale is pretty vital —Show More Summary

RBS is giving back cash to 4,500 people — after telling them they didn't even have an account

The Royal Bank of Scotland is being forced to give back cash to around 4,500 people after it wrongly told them that they didn't even have an account with the bank. Basically, customers got in touch via the British Bankers' Association's...Show More Summary

RBS to sell off Irish property loans

RBS to sell off loss-making Irish real estate loans 7 December 2015 From the section Scotland business Image copyright AFP Royal Bank of Scotland has announced plans to sell off a portfolio of loss-making Irish real estate loans. Its Ulster Bank unit has agreed to sell £1.63bn of loans to housebuilder Cairn Homes and an […]

RBS and Standard Chartered came close to failing a big stress test

Royal Bank of Scotland and Standard Charted almost failed the Bank of England's 2015 stress tests. Despite missing targets, the two banks had just enough emergency capital after being run through a hypothetical economic collapse by the...Show More Summary

RBS warned in bank stress test

RBS and Standard Chartered weakest in bank stress test 1 December 2015 From the section Business Royal Bank of Scotland and Standard Chartered were the weakest of Britain’s seven largest lenders in a Bank of England stress test. For the second year, the central bank has subjected the lenders to economic tests to measure whether […]

Here's why a major bank is using Facebook to replace company emails (FB)

The Royal Bank of Scotland is making Facebook at Work, the latest enterprise product from a company known for its consumer offerings, available to more than 100,000 employees. If you've never heard of Facebook at Work, don't worry. Facebook...Show More Summary

Facebook Wants This New Product to Replace Workplace Email and Rival Slack

This post originally appeared on Business Insider. The Royal Bank of Scotland is making Facebook at Work, the latest enterprise product from a company known for its consumer offerings, available to more than 100,000 employees. If you've never heard of Facebook at Work, don't worry. Show More Summary

RBS is using Facebook to replace company emails (FB)

The Royal Bank of Scotland is making Facebook at Work, the latest enterprise product from a company known for its consumer offerings, available to more than 100,000 employees. If you've never heard of Facebook at Work, don't worry. Facebook...Show More Summary

Bank of Cyprus Says Chief Executive Will Stay 2 More Years

John Patrick Hourican, a former Royal Bank of Scotland executive, had announced in April that he would be leaving for personal reasons.

U.S. pursuing criminal cases against RBS, JPMorgan executives: WSJ

WASHINGTON (Reuters) - Federal prosecutors are pursuing criminal cases against executives from the Royal Bank of Scotland Group and JPMorgan Chase & Co for allegedly selling flawed mortgage securities, the Wall Street Journal reported on Tuesday, citing unnamed sources. Show More Summary

RBS Earnings Takeaways: Restructuring Costs Weigh On Bottom Line

The Royal Bank of Scotland Group reported a forgettable performance for the third quarter of the year late last week, as the bank’s ongoing large-scale restructuring efforts coupled with lukewarm economic conditions weighed on profits across its core operating divisions. Show More Summary

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