Email
Password
Remember meForgot password?
    Log in with Twitter

Rbs News

RBS agrees to $4.9 bn fine in US: report

New York - The Royal Bank of Scotland has agreed to pay US regulators $4.9 billion in fines to settle litigation over subprime mortgage products it sold before the 2008 financial meltown, the Financial Times reported Thursday.

UK government to sell 2008 crisis bank at a loss

London - The Royal Bank of Scotland, bailed out by the UK government in 2008, will be sold by Chancellor George Osborne at a loss, costing taxpayers billions of pounds.

Six banks fined over $4 billion after exchange rate manipulation

Six giant banks have agreed to forfeit $4.33 billion to global regulators to resolve allegations that its traders tried to fiddle foreign exchange rates.

Royal Bank of Scotland to pay government £1.5bn

London - Britain's state-rescued Royal Bank of Scotland will pay the government £1.5 billion in a complex deal paving the way for the return of shareholder dividends.The bank has agreed to pay the Treasury the equivalent of $2.5 billion or 1.

RBS poaches Credit Suisse banker as finance chief

London - Britain's state-rescued Royal Bank of Scotland revealed Friday it has poached Credit Suisse banker Ewen Stevenson, a key advisor in the group's vast bailout, to be chief financial officer.

Royal Bank of Scotland seeking to sell US unit: report

London - Britain's state-rescued Royal Bank of Scotland held initial talks with Japan's Sumitomo Mitsui Financial Group about the sale of US retail division RBS Citizens, the Wall Street Journal reported Monday.The WSJ, citing sources familiar with the discussi...

RBS in advanced talks over resuming dividends: FT

State-backed Royal Bank of Scotland <RBS.L> is in advanced talks with the British government to buy back a "golden share," which would enable the lender to resume paying dividends, the Financial Times reported.

RBS draws up rescue plan for Ulster Bank: report

Part-nationalized Royal Bank of Scotland <RBS.L> is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, the Sunday Times newspaper reported.

UK state-rescued RBS bank's losses soar to £9 bn

London - Royal Bank of Scotland's losses soared to almost £9.0 billion last year on legal charges and the creation of a 'bad bank', but the state-rescued firm still paid millions in bonuses.Net losses widened 49 percent to £8.995 billion ($15.0 billion, 10.9 ...

Royal Bank of Scotland says 2013 net loss hits £9bn

London - Britain's state-rescued Royal Bank of Scotland plunged into a near £9.0-billion loss last year on vast charges for litigation and the creation of a 'bad bank' division, it said Thursday.The lender, which is 81-percent owned by the government after a h...

Royal Bank of Scotland posts 2013 net loss of £8.995bn

London - Britain's state-rescued Royal Bank of Scotland plunged into a near £9.0-billion loss last year on vast charges for litigation and the creation of a 'bad bank' division, it said on Thursday.The lender, which is 81-percent owned by the government after ...

RBS seeks to regain trust after post-crisis losses hit $77 billion

Royal Bank of Scotland sought to shake off its reputation as Britain's pariah bank on Thursday with plans to cut more costs and reposition itself as a UK-focused retail and commercial le...

RBS to pay $920 million in bonuses for 2013: Sky News

Royal Bank of Scotland <RBS.L> has received approval from Treasury agency UK Financial Investments to pay about 550 million pounds ($920 million) in staff bonuses for 2013, Sky News reported late on Tuesday.

RBS shares gain on reports bank could axe 30,000 jobs

London - Shares in Royal Bank of Scotland gained on Friday as reports said the state-rescued bank will next week announce about 30,000 job cuts in a major cost-cutting exercise.RBS stock climbed 1.15 percent to 359.8 pence on London's benchmark FTSE 100 index, ...

RBS to shrink investment bank and cut 30,000 jobs: sources

Royal Bank of Scotland <RBS.L> is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources f...

RBS to retrench in investment banking, cut 30,000 jobs: FT

Royal Bank of Scotland <RBS.L> is expected to announce its withdrawal from many investment banking activities as well as much of its international business in a move that is expected to reduce staff numbers by at least 30,000 over the...

RBS sets aside £3.0 bn for claims, conduct matters

London - The Royal Bank of Scotland said it has set aside more than £3.0 billion ($5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.The total includes £1.

RBS sets aside £3.0 bn for claims, conduct matters

London - Britain's state-controlled Royal Bank of Scotland said Monday it has set aside more than £3.0 billion ($5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.The total includes £1.

Cameron to cap cash bonuses at RBS

London - The British government will extend cap cash bonuses at the state-rescued Royal Bank of Scotland, Prime Minister David Cameron said on Wednesday.

Op-Ed: Global banks are rate rigging in Singapore

The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates. Many important, global banks are involved, but the consequences are insignificant.

British banks for sale in United Kingdom

As two of the largest British banking groups (Lloyds TSB and Royal Bank of Scotland) are about to sell hundreds of their branches, millions of UK customers will face years of uncertainty.

Sacked banker to get £650,000-a-year pension

Disgraced former boss of Royal Bank of Scotland (RBS), Sir Fred Goodwin has refused to give up a £650,000 a year pension despite widespread outrage.
 

Search Digital Journal Archives


Set up a news alert for

Rbs


Rbs Image


Latest News
Top News