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Royal Bank of Scotland News

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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A branch of Coutts bank at Eton UK.
A branch of Coutts bank at Eton UK.
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