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Royal Deceit? The Queen's Bank Under Investigation Over Tax Evasion

British banking has been hit with another scandal with the private arm of the taxpayer-funded Royal Bank of Scotland (RBS) under investigation by German authorities over allegedly helping wealthy customers evade paying taxes.

RBS Shuts Down Indian Banking Operations; 1000 Employees Face Axe

288 years old Royal Bank of Scotland, which is UK’s largest state-owned bank having operations across 38 countries, employing 141,000 employees has finally decided to shut down Indian banking operations due to consistent losses and decreased confidence among share-holders. Show More Summary

RBS posts loss, pulls out of 25 nations

Royal Bank of Scotland (RBS) will drastically shrink its investment banking operations, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain. ||| Matt...Show More Summary

RBS posts seventh loss

The Royal Bank of Scotland posted a seventh straight annual loss after writing down its American unit. ||| London - Royal Bank of Scotland Group PLC, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its US unit and forecast higher restructuring costs as it shrinks its investment bank. Show More Summary

RBS CEO Ross McEwan says his own bank is a 'bruising place to work'

"This is a bruising place to work," said Royal Bank of Scotland's CEO Ross McEwan, bluntly. In a conference call, following RBS' 2014 results announcement, McEwan said that as well as addressing the long line of problems the bank, has a responsibility to make the lender a better place of employment. Show More Summary

RBS posts a HUGE loss for 2014 after being crippled by lawsuits and writedowns

2014 was an incredibly tough year for the Royal Bank of Scotland. The 81% state-owned bank revealed in its 2014 results statement that it was hammered by a significant amount of litigation costs, a writedown from its Citizens unit and restructuring charges. Show More Summary

RBS suspends two employees as part of foreign exchange probe

LONDON (Reuters) - Royal Bank of Scotland said another two employees had been suspended as part of an investigation by the bank into failings in its foreign exchange business. "We can confirm that two members of staff have been suspended as part of the on-going FX investigation at the bank," the bank said on Wednesday. Show More Summary

Exclusive: RBS asks restructuring chief to shrink investment bank

By Michelle Price, Matt Scuffham and Steve Slater LONDON/HONG KONG (Reuters) - Royal Bank of Scotland will hand its restructuring chief Rory Cullinan responsibility for overseeing another major scaling back of its investment bank including its exit from Asia, three sources told Reuters. Show More Summary

Exclusive: RBS poised to take four billion pounds hit on value of U.S. bank Citizens: sources

By Steve Slater and Matt Scuffham LONDON (Reuters) - Royal Bank of Scotland is likely to write down the value of its U.S. bank Citizens by about 4 billion pounds ($6.2 billion) next week, industry sources said, potentially wiping out much of the state-backed bank's annual profit. Show More Summary

Natwest and RBS are adding TouchID to their iOS banking apps

The Royal Bank of Scotland group, the owner of RBS and Natwest, has announced that from today iPhone users will be able to accessits mobile banking apps using Apple’s TouchID fingerprint scanner. Setting up TouchID within the RBS and...Show More Summary

Two UK banks now allowing mobile app login using Touch ID

Two UK banks–Royal Bank of Scotland and Nat West–are now allowing customers to login to their mobile banking apps using Touch ID, reports the BBC. RBS and NatWest customers must activate the feature with their security information, but would only need to use Apple’s Touch ID thereafter. The banks–owned by the same parent company–said that […]

UK banks update their iPhone apps with Touch ID support

The Royal Bank of Scotland (RBS) and NatWest have announced updates to their iPhone apps, enabling the support of Touch ID authentication. Since the feature itself has been compromised in the past, unlocking the app using Touch ID will not grant access to all app features. Show More Summary

UK banks RBS, Natwest are now letting customers use Touch ID

LONDON — For the first time in the UK, customers at two banks will be able to access their accounts using a fingerprint. See also: The iPhone 5S' Touch ID Is Perfect for Criminals Royal Bank of Scotland has introduced the service Wednesday...Show More Summary

RBS unveils ‘Touch ID’ for clients

Royal Bank of Scotland is the first UK bank to enable customers to log on to its mobile application using their fingerprints. ||| London - The Royal Bank of Scotland on Wednesday launched a new service for its RBS and NatWest customers...Show More Summary

RBS faces US probe into dodgy conduct

Royal Bank of Scotland may have to set aside £10 billion (R179bn) in additional conduct costs, following probes into currency market rigging and US mortgage-backed securities, according to banking firm Keefe Bruyette & Woods Incorporated. Show More Summary

Ulster Bank To Run Hackathon In Collaboration With Open Bank Project

According to, Ulster Bank (a subsidary of the Royal Bank of Scotland) will be holding a multi-city hackathon series in Belfast and Dublin.  The report says that Ulster is producing the hackathon (dubbed Hack/Make The Bank) in collaboration with O

Major British Banks Say Bitcoin Is Risky And Could Help Terrorists

Major UK banks, including Barclays and Royal Bank of Scotland, have warned that Chancellor George Osborne's plan to turn Britain into a hub for the virtual currency trade could help terrorists and criminals. The warning came in a letter to the Treasury from the British Banker's Association (BBA), which represents the leading British banks. Show More Summary

Barclays, RBS legal bills to cut dividends

ROYAL Bank of Scotland (RBS) and Barclays might have to pay some of the biggest bills from an estimated $52 billion (R598bn) in fines and other litigation costs facing Europe’s banks in the next two years, Morgan Stanley analysts said yesterday. Show More Summary

European Banks Face $52 Billion In Litigation Costs: Morgan Stanley

LONDON (Reuters) - Royal Bank of Scotland and Barclays may have to pay some of the biggest bills from an estimated $52 billion in fines and other litigation costs facing Europe's banks in the next two years, Morgan Stanley analysts said. Show More Summary

Arrested RBS Forex Trader Named As Paul Nash: Sources

By Jamie McGeever and Kirstin Ridley LONDON (Reuters) - Royal Bank of Scotland currency trader Paul Nash has become the first individual arrested in connection with a global inquiry into alleged manipulation in the foreign exchange market, sources familiar with the matter said on Thursday. Show More Summary

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