Financial scandals wiped out 60% of Britain's biggest five banks' profits since 2011. According to the accountancy giant KPMG's latest report, entitled "A Paradox of Forces," the Royal Bank of Scotland, Lloyds Banking Group, HSBC, Barclays...Show More Summary
Snapchat may have cost Royal Bank of Scotland chairman Rory Cullinan his job. At the beginning of March, The Sun newspaper reported that Cullinan sent his 18-year-old daughter, Bridget, a series of messages from the Snapchat app, saying...Show More Summary
Rory Cullinan, who was just promoted to a new high-paying position at the Royal Bank of Scotland, will leave the bank at the end of April. The Guardian reports that the departure is owing to a disagreement "with colleagues about how to implement strategy at the loss-making bank." Other news organizations theorized... More »
The chairman of UK Government owned Royal Bank of Scotland's investment bank has quit his post just weeks after being exposed posting Snapchat selfies in meetings to his daughter claiming he was bored with his job.
It's not the first time Snapchat has got a high profile person into trouble. This time, though, it may have cost Royal Bank of Scotland's chairman Rory Cullinan his job. At the beginning of March this year, The Sun newspaper reported...Show More Summary
The Royal Bank of Scotland plans to raise up to £2.5 billion ($3.7 billion) from its stake sale in its US retail business, Citizens Financial. RBS said in a regulatory statement that it will offer investors 135 million shares, or 25% of Citizens, at a public offering price per share of $23.75. Show More Summary
Heinz and Kraft agree to a $50bn merger, while ANZ joins the race for Royal Bank of Scotland's Asia-Pacific assets.
Bank confirms an interest in buying Royal Bank of Scotland’s Asia-Pacific assets.
Howard Davies has defended his role in setting up the regulator that presided over the near meltdown of Britain's banking system. ||| London - Incoming Royal Bank of Scotland chairman Howard Davies has defended his role in setting up the financial regulator that presided over the near meltdown of Britain's banking system. Show More Summary
The US Federal Reserve stated that France’s BNP Paribas, the United Kingdom’s HSBC Holdings and the Royal Bank of Scotland were not credible and did not facilitate an orderly resolution under the US bankruptcy code.
Westpac joins the race for Royal Bank of Scotland's Asian division, while Macquarie Group looks keen to pounce on the remainder of ING's unbranded mortgage portfolio.
Westpac set to run the ruler over Royal Bank of Scotland’s Asian business.
Some of the world's biggest banks and companies are trying to find new ways to increase their customers' and employees' cybersecurity. The Royal Bank of Scotland launched a new service in February that allows customers to log into their accounts by just their fingerprint alone. Show More Summary
This week, the Royal Bank of Scotland begun getting rid of 14,000 of its 18,000 investment banking workforce. It is an epic, global retreat from investment banking worldwide. If RBS's investment unit was a standalone investment bank, it would be regarded as a spectacular collapse. Show More Summary
The Royal Bank of Scotland reported a loss of £3.5 ($5.4) billion for last year and has several litigation issues hanging over its head. This is still eight years after it received £45.5 ($69.3) billion in taxpayer money to keep it from collapsing. Show More Summary
Britain is looking to sell the Royal Bank of Scotland as quickly as possible, says Chancellor George Osborne. ||| London - Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne told the Financial Times on Thursday. Show More Summary
LONDON (Reuters) - Royal Bank of Scotland has yet to decide how many jobs it will cut at its investment bank after announcing a major downsizing of the business last week, its Chief Executive Ross McEwan said on Tuesday. The Financial...Show More Summary
The Royal Bank of Scotland may cut as many as 14 000 jobs as part of a plan to focus on the UK consumer market. ||| San Francisco - Royal Bank of Scotland Group PLC may cut as many as 14 000 investment-banking jobs, or more than twoShow More Summary
"RBS has been a bruising place to work... and that doesn't sit well with me," said the Royal Bank of Scotland CEO McEwan on 26 February. "We will work hard to make [RBS] a much better place for our people." He mentioned on a conference...Show More Summary
Royal Bank of Scotland plans to sell its Australian corporate and institutional banking operations.