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Royal Bank of Scotland News
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.
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.
NatWest, RBS and Ulster Bank return slowly to normal
Royal Bank of Scotland's CEO, Stephen Hester, has confirmed that a software upgrade was responsible for nationwide computer problems that failed to update customers' accounts for the last seven days.
Record bank bonuses of $156 billion expected for 2011
Yet again the banks are expected to announce record bonuses, estimated to be $156 billion for 2011. These bonuses are not confined to the U.S.
City bankers admit they are overpaid
A survey commissioned by the St Paul's Institute has revealed that a significant number of British bankers and financial sector workers think they are overpaid.
Op-Ed: How bonuses pay and benefits don't
Yesterday, it was reported that the European Parliament was planning to curb the bonuses being paid to bank staff, while a guest on a BBC news programme explained how benefit claimants are stuck in the poverty trap.
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