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
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
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.
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
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
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…