Frank Dangeard, who also was the former chairman of SG Warburg France, will join the Royal Bank of Scotland’s board of directors immediately.
The Royal Bank of Scotland announced some pretty terrible results on Friday where losses nearly doubled in the first quarter, compared to the same period last year. But amongst the near £1 billion in losses, Ian Fraser, author of the...Show More Summary
The Royal Bank of Scotland just posted a horrific set of results. And the main reason for why it lost a lot of money is because it had to pay for the right to start paying dividends to shareholders again. The 73% state-owned bank said...Show More Summary
Scotsman remarks that RBS’s newest batch of currency includes appearances by two of the nation’s most extraordinary women: Scottish poet and novelist Nan Shepherd, in addition to Scottish scientist Mary Somerville. This is the first time that Scottish women are featured on the country’s main issue bank notes. More: Scottish poet and novelist Nan Shepherd […]
Author Nan Shepherd was chosen by the Royal Bank of Scotland board to feature on the new Scottish £5 note. Her writing focuses on the beauty of the Scottish landscape; the hills, the rocks, the plants, the quarries and the weather. Born in the village of Cults on the outskirts of Aberdeen, Shepherd spent her entire life in rural Scotland. Show More Summary
RBS has developed a Big Data strategy which it calls “personology” in an attempt to reconnect with customers. The bank, which is currently undergoing re-privatization seven years after it was bailed out to the tune of £45 billion by UK taxpayers during the financial crisis, is combining data analytics with [...]
As chief executive, Oliver Holbourn will oversee the sale of the British government’s stake in Lloyds Banking Group and the Royal Bank of Scotland.
The payment by Royal Bank of Scotland fulfills a condition of a bailout that gave the British government priority for dividend payments.
LONDON (IFR) - Royal Bank of Scotland said 448 jobs are to go in the middle and back office of its UK corporate and institutional bank. The roles relate to its transaction management and operations division. RBS has previously said it...Show More Summary
Royal Bank of Scotland (RBS) is cutting 448 investment banking jobs in the UK to cut costs. The Financial Times reports that the bank is cutting back office and middle office positions, including support and technology, as it tries to shrink the division. Show More Summary
The bank botched the firing of a former executive so badly that a Finra arbitration panel ordered it to pay $2.05 million in damages.
The BI Intelligence Content Marketing Team covers news & research we think you would find valuable. This topic was originally highlighted and sent to subscribers of the Mobile Insider newsletter. If you hate dealing with bank tellers...Show More Summary
Royal Bank of Scotland (RBS) is deploying artificial intelligence (AI) technology to help staff answer customer queries quicker. The Edinburgh-headquartered bank said on Thursday that it will be rolling out the AI, known as "Luvo," across...Show More Summary
The banks are worried about Britain leaving the European Union — known as a Brexit — and it could see the end of the Royal Bank of Scotland. Why? — because not only would it have to deal with the economic fallout like the rest of the...Show More Summary
Royal Bank of Scotland, which is based in Edinburgh, said results suffered from about $3 billion in provisions for legal and regulatory matters.
The future for the Royal Bank of Scotland looks unbelievably bleak if a number of issues are not resolved in the bank's favour. And in the group's 2015 results statement, the bank didn't sugarcoat the fallout. RBS is embroiled in a number of investigations and being subject to government actions. Show More Summary
National Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom. Since 2000 it has been part of The Royal Bank of Scotland Group, ranked among the top 10 largest banks in theShow More Summary
Weeks after the Royal Bank of Scotland advised its investors to “sell everything,” Citi has decided to provide its own clients with fodder for a panic attack. In a report released Thursday, the bank warned that the global economy appears to be “trapped” in a “death spiral.”Here’s a thumbnail sketch... More »
The Royal Bank of Scotland unleashed a horrendous market update – warning it would take a £2.5 billion ($3.6 billion) hit. The bank is paying out on legal bills and extra provisions for misselling, writedowns on its private bank andShow More Summary