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
Barclays and Royal Bank of Scotland, which were fined $3 billion (R35.68bn) on Wednesday for rigging currency markets, will have to set aside another £7bn (R129.24bn) for misconduct within two years, JPMorgan Chase said. ||| BARCLAYS...Show More Summary
Matt Taibbi Amy Goodman interviewed Rolling Stone journalist Matt Taibbi on the news that the five banks—Citigroup, JPMorgan Chase, Barclays, Royal Bank of Scotland and UBS—which pleaded guilty to rigging the price of foreign currencies and interest rates were fined more than $5 billion. Show More Summary
RBS Chairman Philip Hampton said that the Royal Bank of Scotland fired three employees and suspended two others in an investigation into employee foreign exchange abuses.
Agreements by Citicorp, JPMorgan Chase & Co., Barclays PLC, The Royal Bank of Scotland plc, and UBS AG to plead guilty to felony charges were announced today by the FBI, the Department of Justice, and the Commodity Futures Trading Commission during a press conference in Washington, D.C.
U.S. banking giants Citigroup and JPMorgan Chase and U.K.-base conglomerates Barclays and The Royal Bank of Scotland have agreed to plead guilty antitrust violations stemming from their collusion to manipulate prices in the foreign exchange market over the course of five years, the Department of Justice said on Wednesday.
Four big banks will pay $2.5 billion in fines and plead guilty to criminally manipulating the global currency markets going back to 2007. JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland...
George Osborne could be about to admit defeat on the bailout of the Royal Bank of Scotland and swallow a £13.5 billion ($20.89 billion) loss for the UK taxpayer. The new Conservative government is reportedly considering speeding up the...Show More Summary
``Nomura Holdings Inc. and Royal Bank of Scotland Group Plc were ordered to pay $806 million in damages to government-owned mortgage companies over misleading securities pitches. A federal judge in New York on Friday ordered the banks to pay the full amount requested by the Federal Housing Finance Agency. Show More Summary
NEW YORK (Reuters) - A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac. Show More Summary
By Nate Raymond NEW YORK (Reuters) - A U.S. judge's ruling that Nomura Holdings Inc and Royal Bank of Scotland Group Plc made false statements selling mortgage-backed securities to Fannie Mae and Freddie Mac could result in a judgment exceeding $805 million, a U.S. Show More Summary
A handful of banks will likely resolve forex-rigging investigations by the U.S. Justice Department as soon as this week: JPMorgan Chase & Co (JPM.N) Citigroup (C.N), British banks Royal Bank of Scotland (RBS.L) and Barclays (BARC.L) and Swiss bank UBS (UBSG.VX). Show More Summary
If you had to name two banks guilty of selling lousy mortgage packages during the financial meltdown of 2008, it's doubtful you'd tick off the names Nomura Holdings of Japan and the Royal Bank of Scotland. But as Reuters reports, a federal judge yesterday declared that both lied through their...
A judge wrote that Nomura Holdings and Royal Bank of Scotland Group deliberately deceived buyers of billions in toxic mortgages.
The UK government can't wait to get out of Royal Bank of Scotland and Lloyds, it seems. The new Conservative government is reportedly considering speeding up the sale of shares in both banks, Reuters reports, even if it means selling...Show More Summary
LONDON (Reuters) - British finance minister George Osborne may sell state-owned shares in Royal Bank of Scotland at a loss as part of plans for an accelerated sale of government holdings in the sector, a newspaper reported. Finance ministry...Show More Summary
ZURICH (Reuters) - Alexander Classen, chief executive of Royal Bank of Scotland's overseas private banking arm, is set to step down shortly following a sale to Union Bancaire Privee (UBP), according to a person familiar with his thinking. Show More Summary
Here's a great letter from an irate contractor who was working at the Royal Bank of Scotland's headquarters in London when his lunch was rather rudely interrupted by a PR stunt organised by Russell Brand. To be fair to Russell he was actually big enough to reply and apologise for losing his temper and spoiling Jo's lunch. Show More Summary
The boss of the Royal Bank of Scotland just revealed that the British lender will be hit by fines of a "substantial" proportion in 2015. Ross McEwan said on an analyst call today that "we are anticipating some challenging outcomes and...Show More Summary