US prosecutors accused three former London currency traders of arranging a "conspiracy" to rig the foreign exchange markets. Richard Usher, who worked at both Royal Bank of Scotland and JPMorgan, Rohan Ramchandani, a former Citi banker,...Show More Summary
LONDON — Royal Bank of Scotland shareholders are preparing for the company to be hit with the biggest fine in its history from the US Department of Justice, according to the BBC's business editor. Simon Jack said investors he has spoken...Show More Summary
Over 150 investors in Royal Bank of Scotland (RBS), supported and coordinated by ShareSoc, the UK's largest retail shareholder organisation, and the UK Shareholders’ Association (UKSA), have requisitioned a special resolution to establish a new shareholder committee at the bank to raise corporate governance standards and chase down “poor stewardship”. [...]
Royal Bank of Scotland's smaller shareholders are lobbying the bank to set up a special committee so that they have more control over pay for directors, the BBC reported. The committee would also be able to "scrutinise" the bank's long-term...Show More Summary
Royal Bank of Scotland's attempt to divest the Williams & Glyn arm of its business have hit yet another obstacle. The Daily Telegraph reported on Tuesday evening that the lender could be subject to an inquiry from the Bank of England's...Show More Summary
By Jonathan Saul and Andrew MacAskill LONDON, Dec 21 (Reuters) – Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans from its portfolio, two sources familiar with the matter told Reuters. RBS, which...Show More Summary
Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans from its portfolio, two sources familiar with the matter told Reuters. RBS, which is more than 70 percent state-owned, is still in the throes of a restructuring…
Royal Bank of Scotland said that it had agreed to settle the majority of shareholder claims stemming from a share sale before a government bailout in 2008.
LONDON — Royal Bank of Scotland is paying out up to £800 million ($1.01 billion) to try and settle a lawsuit that alleges the bank mislead investors when raising money in 2008. RBS reached the settlement with three out of the five shareholder groups pursuing action against it. Show More Summary
The Royal Bank of Scotland is the worst prepared of Britain’s biggest lenders to cope with another financial crisis, according to the Bank of England test.
Update September 13: We’re pleased to add that Natwest, Royal Bank of Scotland, Santander and Ulster Bank are all launching on Android Pay in the U.K. today, with TSB coming soon! Android Pay helps millions of people pay for things simply and securely with their Android smartphones. Show More Summary
LONDON — Shares in Royal Bank of Scotland are plummeting on Wednesday after the lender failed the Bank of England's 2016 stress test. The results of the BoE's stress test dropped at 7.00 a.m. GMT (2.00 a.m. ET) and showed that RBS' key...Show More Summary
Ulster Bank Parent RBS Fails Bank of England Stress Test "Royal Bank of Scotland (RBS)(RBS.L) will cut costs and sell assets to boost capital levels, it said on Wednesday after failing this year's Bank of England stress test, which warned...Show More Summary
Windows Phone has never had much luck with banking apps in the US. with many Windows, phone users in the US lacking either explicitly support from their mobile banks or even having such support pulled due to low and shrinking market. While the UK did have a better chance with those apps, Microsoft pulling out […]
Good morning! Here's what you need to know in markets on Thursday. Royal Bank of Scotland could face a penalty of more than $12 billion (£9.6 billion) to settle a decades-old misselling scandal in the US, according to the body which controls the taxpayer stake in the bank. Show More Summary
“The 1000-capacity venue, earmarked for a gap site behind the Royal Bank of Scotland’s historic head office, would be available for the Edinburgh International Festival each summer. The venue will be also be designed to make it suitable for rock, pop, electronica, jazz, folk and chamber concerts, as well as dance events. Other features will […]
Britain's financial watchdog on Tuesday said Royal Bank of Scotland was guilty of "systematic" mistreatment of distressed small businesses that came to it for help, but cleared the bank of the most serious allegation that RBS forcedShow More Summary
``While none of the 23 banks that trade with the Fed expect a hike at the conclusion of Wednesday's meeting, HSBC Holdings Plc, Royal Bank of Canada and Royal Bank of Scotland Group Plc remain steadfast that policy makers will choose to hold off on raising rates at the Fed's Dec. 14 meeting as well.''
The Royal Bank of Scotland's troubled Williams & Glyn (W&G) sell-off has hit fresh problems after disagreements arose with the European Union over a key new trustee appointment. RBS must rebrand 314 of its branches as W&G and sell them...Show More Summary
PRNewswire has recently written about the Royal Bank of Scotland’s announcement of their pilot program, ‘Luvo.’ Luvo is a cognitive chat bot that allows people to interact with an AI-powered platform. It leverages IBM Watson Conversation, a cloud-based cognitive service, to enhance the customer service experience. Show More Summary