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Cryptocurrency surge stirs Bitcoin bubble fears

FEATURE: (Reuters) — Bitcoin and other “cryptocurrencies” are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake. Now some investors fear a […]

Buoyant bitcoin stirs crypto-bubble fears

LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of Scotland combined.

The Royal Bank of Scotland swings to a profit in 2Q

Royal Bank of Scotland swung to a profit in the second quarter as the taxpayer-owned lender reduced charges for past misdeeds. RBS, bailed out by the British government during the … Click to Continue »

Beacon Rail Leasing acquires railcar fleet from Lloyds Bank and RBS subsidiaries

Luxembourg-based company Beacon Rail Leasing has completed the acquisition of a fleet of Bombardier Class 220 and Class 221 Voyager diesel-electric multiple units from subsidiaries of Lloyds Bank and the Royal Bank of Scotland (RBS)...

Royal Bank of Scotland in $5.5B settlement over US mortgages

Royal Bank of Scotland said Wednesday it has reached a $5.5 billion settlement in the United States over the mis-selling of mortgage-backed securities before the financial crisis — a key … Click to Continue »

Royal Bank of Scotland in $5.5B settlement over U.S. mortgages

Royal Bank of Scotland said Wednesday it has reached a $5.5 billion settlement in the U.S. over the mis-selling of mortgage-backed securities.        

Royal Bank of Scotland is scrapping 443 UK jobs

Royal Bank of Scotland (RBS) announced on Monday it will be moving 443 UK jobs to Mumbai in a cost-cutting measure. The positions in question relate to the handling of loans for small businesses, which have caused concerns about whether...Show More Summary

A court battle with former RBS CEO Fred Goodwin as a witness has been delayed for the third time

LONDON – A court battle between the Royal Bank of Scotland and thousands of shareholders was adjourned until June 7, to give more time for last-ditch settlement talks. The adjournment is the third time this week the court case has been...Show More Summary

RBS is in last-ditch talks to avoid a court battle with investors

A court battle between the Royal Bank of Scotland and thousands of shareholders was adjourned for a second day on Tuesday, paving the way for last-ditch settlement talks. The dispute, which would see former CEO Fred Goodwin make hisShow More Summary

REPORT: RBS is doubling a settlement offer to shareholders who are suing it for its ill-fated 2008 rights issue

The Royal Bank of Scotland has reportedly doubled a settlement offer to thousands of shareholders that are suing the bank and former RBS executives after they invested in the bank before its 2008 rights issue and subsequently lost lots...Show More Summary

Royal Bank of Scotland swings to profit in first quarter

The Royal Bank of Scotland swung to a profit in the first quarter as the taxpayer-owned bank cut costs and increased lending. RBS, bailed out by the British government during … Click to Continue »

RBS is still being pummelled by litigation and restructuring costs

The Royal Bank of Scotland swung back into the black in the first quarter but it is not as positive as it looks. It is still being hit by a spate of litigation and restructuring costs and it was relieved of not having to pay a £1.2 billion...Show More Summary

HAMMOND: We live in the real world and will probably have to sell RBS shares at a loss

LONDON — The UK government may sell its shares in Royal Bank of Scotland for less than the price it paid for them during the 2008 financial crisis, Chancellor of the Exchequer Philip Hammond said. Hammond signalled that he was prepared...Show More Summary

RBS is reduced to a shadow

London - Nine years after the beginning of a £45 billion (R756.34 billion) bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. Show More Summary

RBS’s Decision To Close 158 Branches Should Boost Retail Banking Profits

Earlier this week, The Royal Bank of Scotland Group announced that it will close as many as 158 branches across the U.K. – making it the latest bank to pare down on redundant branches as customers switch to mobile and internet banking services for many banking needs.

The 'King of Mining' and a former Merrill Lynch dealmaker back fintech startup Revolut

LONDON — A raft of City grandees including a former star dealmaker known as the "King of Mining" and a key advisor behind Royal Bank of Scotland’s $100 billion (£67 billion) takeover of ABN Amro have invested in fintech app Revolut,Show More Summary

The head of HR at a top Wall Street bank shares the secrets to getting ahead in finance

Liz Lieberman is a human resources veteran on Wall Street. Before joining RBC Capital Markets as managing director and Head of US Human Resources, Lieberman was the Global Head of HR at the Royal Bank of Scotland. She also held top HR roles at Merrill Lynch, Lehman Brothers, and Deutsche Bank, according to her Linkedin page. Show More Summary

RBS CEO MEMO TO STAFF: 'We're approaching a level of normality the bank has not had since before the crisis'

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

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