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. Troubled Royal Bank of Scotland has reported its first quarterly profit since the third quarter of 2015. ... [Read full article on BBC ]
Friday 28th of April 2017 06:26:06 AM
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.... The next UK prime minister, who just might be May, will need to produce a good answer, or London will not remain at the top of the league for much longer. • Sir Howard Davies, the first chairman of the UK’s Financial Services Authority (1997-2003), is chairman of the Royal Bank of Scotland. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 07:08:45 AM
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....A spokesman added that no customer would be left out of pocket. The issue with payments affected only NatWest, not Royal Bank of Scotland or Ulster Bank. ... [Read full article on BBC ]
Friday 28th of April 2017 01:38:23 PM
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....06 a year, compared with £84 at Santander and Halifax, and £97. 24 with NatWest/Royal Bank of Scotland. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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.... . During the financial crisis, bad loan losses chewed through banks' capital reserves and lenders including Royal Bank of Scotland and Lloyds had to be given new capital by taxpayers, making them part-nationalised. ... [Read full article on BBC ]
Friday 28th of April 2017 02:26:12 PM
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....5% lower at 7,203. Shares in Royal Bank of Scotland rose 4. ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....4% up, Standard Chartered advanced 4. 75%, and Royal Bank of Scotland rose 3. ... [Read full article on BBC ]
Monday 24th of April 2017 07:55:14 AM
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. Millions of Royal Bank of Scotland and Lloyds Banking Group customers have had difficulty accessing their accounts after the banks suffered IT meltdowns before the long weekend. ... [Read full article on Guardian ]
Friday 28th of April 2017 03:24:55 PM
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. Royal Bank of Scotland has reported its first quarterly profit since 2015, as it looks to turn a corner after nine years of losses since its £45bn bailout during the financial crisis. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:57:09 AM
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.... I received no notification of this and the bank was unable to provide even basic information as to why the account was closed, or why the funds were not repaid. If I’d not been on the ball, I suspect the lost funds would have simply gone unnoticed! Is the Royal Bank of Scotland so desperate that it needs to take money from a seven-year-old? PL, Hounslow, Middlesex. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:00:29 AM
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Latest Finance News related to Royal Bank Of Scotland

RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
. Millions of Royal Bank of Scotland and Lloyds Banking Group customers have had difficulty accessing their accounts after the banks suffered IT meltdowns before the long weekend. ...
'Fire sale' risk with Bank capital approach, says Vickers image
Source : BBC [Read Article] Friday 28th of April 2017 02:26:12 PM
.... . During the financial crisis, bad loan losses chewed through banks' capital reserves and lenders including Royal Bank of Scotland and Lloyds had to be given new capital by taxpayers, making them part-nationalised. ...
NatWest and RBS banking app fails image
Source : BBC [Read Article] Friday 28th of April 2017 01:38:23 PM
....A spokesman added that no customer would be left out of pocket. The issue with payments affected only NatWest, not Royal Bank of Scotland or Ulster Bank. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
. Royal Bank of Scotland has reported its first quarterly profit since 2015, as it looks to turn a corner after nine years of losses since its £45bn bailout during the financial crisis. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
. Troubled Royal Bank of Scotland has reported its first quarterly profit since the third quarter of 2015. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
.... The next UK prime minister, who just might be May, will need to produce a good answer, or London will not remain at the top of the league for much longer. • Sir Howard Davies, the first chairman of the UK’s Financial Services Authority (1997-2003), is chairman of the Royal Bank of Scotland. ...
NatWest closed my child’s savings account without telling me image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:00:29 AM
.... I received no notification of this and the bank was unable to provide even basic information as to why the account was closed, or why the funds were not repaid. If I’d not been on the ball, I suspect the lost funds would have simply gone unnoticed! Is the Royal Bank of Scotland so desperate that it needs to take money from a seven-year-old? PL, Hounslow, Middlesex. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....The government began selling off its stake to investors in 2013, with the final 2% likely to be sold this year. Earlier this week, Mr Hammond hinted that the 72% stake in Royal Bank of Scotland may be sold at a loss. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said. Just days after admitting that the taxpayer faced multibillion-pound losses on its stake in Royal Bank of Scotland, Philip Hammond said the government had now “recovered every penny of its investment in Lloyds”. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
.... The business started in 1994 when the insurer Norwich Union – her then employer – linked up with Branson’s Virgin Group to launch a savings and pensions product. In 2001, part of Virgin Money was taken over by Royal Bank of Scotland and Gadhia went with it. ...
The hippo at work image
Source : BBC [Read Article] Wednesday 19th of April 2017 11:31:05 PM
...."The recent whistleblowing controversy at UK bank Barclays has brought into sharp focus the importance of creating a corporate culture of openness, where employees feel confident to speak candidly about some of the issues facing the business," he says. Prof Morgan adds that Royal Bank of Scotland's ill-fated decision to buy Dutch bank ABN Amro in 2007 for £50bn may also have been avoided if middle managers at RBS had been given more of a say. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
. The chancellor has admitted for the first time that the government is prepared to sell its stake in Royal Bank of Scotland (RBS) at a loss. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
. Philip Hammond has signalled that the government is facing a multibillion-pound loss from selling off its 73% stake in Royal Bank of Scotland. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
....The Libor rigging scandal erupted in 2012, when Barclays was the first bank to be prosecuted with a £290m fine, which sparked the resignation of chief executive Bob Diamond. Royal Bank of Scotland, UBS, Deutsche Bank and broker Icap were also heavily fined for attempting to manipulate the rate. ...
Lloyds reveals location of 100 branch closures as it cuts 325 jobs image
Source : Guardian [Read Article] Wednesday 5th of April 2017 12:27:47 PM
....On Monday, Lloyds announced that it would shrink the size of hundreds of branches to “micro branches” without counters, with only two staff with tablet computers assisting customers. The main high street players – Lloyds, Barclays, HSBC, Royal Bank of Scotland and Santander – have shut 1,7000 branches in the past five years, leaving 1,500 communities without a bank on their high street. ...
Boardroom pay: Theresa May must act to curb the excesses | Nils Pratley image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:32:04 AM
.... As with annual bonuses, an executive now has to fail spectacularly to be awarded nothing. “A lot of these incentive schemes, frankly, are designed to pay, or at least end up paying out, even if performance is quite indifferent,” Sir Philip Hampton, former chairman of Royal Bank of Scotland and current chairman of GlaxoSmithKline, told the committee. ...
RBS plan faces European Commission investigation image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:42:35 PM
. Plans for the Royal Bank of Scotland (RBS) are to be scrutinised in an "in-depth investigation" by the European Commission. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
....Banks are closing branches across the country due to the rise of online banking. Lloyds – which owns Bank of Scotland and Halifax – has already announced plans to close 400 of its branches, with more than 9,000 job losses, while last month Royal Bank of Scotland said it was shutting 158 sites, mostly NatWest’s, and the Co-operative Bank is battling to find a buyer amid fears about its future. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
....3bn state rescue. While the government is selling off its stake in Lloyds, it retains a 73% stake in Royal Bank of Scotland, which it also bailed out during the financial crisis. ...
HSBC adds new transgender titles including M and Misc image
Source : BBC [Read Article] Thursday 30th of March 2017 05:28:12 PM
....HSBC added that it had simplified the process that lets customers change their gender on an account. Other banks, including Royal Bank of Scotland and Barclays, also allow customers to have gender neutral titles. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
....It will be conducted every other year, in addition to the regular annual stress test, which puts banks through another hypothetical scenario that tests their ability to weather a severe economic shock over a five-year period. Last year Royal Bank of Scotland, which is 73% owned by UK taxpayers, was the biggest failure in the stress tests, while Barclays and Standard Chartered also struggled. ...
Lords call for the banks to get back to basics image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
.... Meanwhile, the Co-operative Bank says its basic Cashminder account makes up around 20% of all its current accounts. Other providers include Barclays (Basic Current Account), HSBC (Basic Bank Account), Nationwide (FlexBasic), NatWest (Foundation Account), Royal Bank of Scotland (Basic Account), Santander (Basic Current Account), TSB (Cash Account) and Yorkshire Bank/Clydesdale Bank (Readycash). ...
RBS and NatWest to close 158 branches as customers go digital image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:05:29 PM
. Royal Bank of Scotland is axing 158 branches, most of them NatWest outlets, with the loss of up to 362 jobs. ...
RBS and NatWest to close 158 branches and cut 470 jobs: Is your local bank shutting? image
....Transactions in branches have fallen by 43 per cent since 2010, according to the company. In an effort to soften the blow of closures, the group has created two new roles  - community banker and NatWest or Royal Bank of Scotland TechXpert. ...
Google to overhaul advertising policies after growing boycott image
Source : Guardian [Read Article] Tuesday 21st of March 2017 09:48:57 AM
....It is not yet clear whether the new measures go far enough to reassure advertisers. Tesco, Toyota and Volkswagen became the latest major brands to suspend advertising, joining the BBC, L’Oréal, HSBC, Royal Bank of Scotland, Lloyds, Audi, Channel 4 and the Guardian on a list that now features some 250 firms. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
....Britain’s high street banks processed nearly $740m from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, the Guardian can reveal. HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks based in the UK, or with branches here, that are facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers. ...
Head of Google Europe apologises over ads on extremist content image
Source : Guardian [Read Article] Monday 20th of March 2017 12:23:08 PM
....Marks & Spencer became the latest company to pull advertising from Google on Monday, adding its name to a growing list that includes government departments, major advertising agencies and well-known companies. McDonald’s, the BBC, L’Oréal, HSBC, Royal Bank of Scotland, Lloyds, the Guardian, Audi and Channel 4 are among the firms to suspend advertising. ...
Pound slips on Article 50 date image
Source : BBC [Read Article] Monday 20th of March 2017 11:17:08 AM
....7% as Goldman Sachs improved its rating on the Primark owner to "buy" from "neutral". Royal Bank of Scotland was the biggest faller, shedding 1. ...
Google braces for questions as more big-name firms pull adverts image
Source : Guardian [Read Article] Sunday 19th of March 2017 03:24:45 PM
.... Google executives apologised but were told to come back to the Cabinet Office this week with a plan and a timetable to remedy the problem. The decision by Vodafone, Sky, HSBC, Lloyds and Royal Bank of Scotland to suspend their ads, or review whether to do so, follows action last week by other brands. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... Standard Life, which is about to merge with rival Aberdeen Asset Management to create an investment behemoth, said during the last referendum that it would probably move south, if only to continue as a dominant player in the UK pensions market. Royal Bank of Scotland and Lloyds are in a similar position. ...
Jones Bootmaker is on the brink – but it's not all gloom on the high street image
....6p break-even point. Still, it will be one item struck off the chancellor’s to do list, in contrast to Royal Bank of Scotland, where the government stake still stands at 73% and a return to private ownership is nowhere in sight. ...
FTSE 100 slips after Brexit jitters image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:57:01 AM
....Markets were jittery about the imminent triggering of Brexit negotiations and Scotland's call for a second independence referendum. Bank shares were under pressure, with Royal Bank of Scotland down 2. ...
Lloyds Banking Group sets aside an extra £350m for PPI image
Source : BBC [Read Article] Friday 10th of March 2017 02:05:39 PM
....In a filing to the US Securities and Exchange Commission, Lloyds said the additional £350m provision will be reflected in the its results for the first quarter which will be announced on 27 April, and has no impact on guidance. Royal Bank of Scotland, which set aside £601m for PPI claims in its most recent financial year, declined to comment on future provisions. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
.... Its chief executive, Warren East, who is leading the clean-up operation of the engine-maker after its £671m charge to settle bribery and corruption charges with the Serious Fraud Office and authorities in the US and Brazil, received a £916,000 bonus taking his total pay to £2m. After Royal Bank of Scotland revealed on Wednesday it had handed £16m in bonuses to its top executives, Barclays disclosed its top management had been granted £9m in future bonuses and shared £13. ...
RBS awards nearly £16m of bonuses in shares to nine top executives image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:57:42 PM
. Loss-making Royal Bank of Scotland has awarded bonuses in shares to its top management team worth almost £16m. ...
'Timid' financial regulator needs more powers, Lord Myners says image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:03:29 AM
....The FRC said it had requested more powers to tackle bad behaviour. From the end of MG Rover, to the near-collapse of Royal Bank of Scotland and HBOS, through to Tesco's accounting scandal and BHS's extinction, failings in corporate leadership have continued to stalk UK businesses. ...
Will Trump build a wall protecting US banks from global rules? | Howard Davies image
.... The financial world is holding its collective breath. •Sir Howard Davies, the first chairman of the UK’s Financial Services Authority (1997-2003), is chairman of the Royal Bank of Scotland. ...
Losses of £58bn since the 2008 bailout – how did RBS get here? image
Source : Guardian [Read Article] Friday 24th of February 2017 06:23:52 PM
. Sir Howard Davies, chair of Royal Bank of Scotland, described the £7bn loss the bank rang up last year as “stark”. ...
RBS leads FTSE 100 lower as losses mount image
Source : BBC [Read Article] Friday 24th of February 2017 09:10:51 AM
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
. Royal Bank of Scotland has reported a new £7bn loss – its ninth consecutive year deep in the red – which has taken its total losses since the 2008 financial crash to more than £58bn. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... The shares were 260p on the day Jenkins was fired in 2015 and are 229p now. On the other hand, Stephen Hester, once of Royal Bank of Scotland, can claim the turnaround programme at insurer RSA has been well and truly achieved. ...
Losing banking jobs to EU 'threatens financial stability across Europe' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....Such warnings are being passed to the government by a number of top financiers, many of whom believe the City’s early focus on job losses has obscured the more important challenge of persuading Europe that it faces potentially catastrophic risks of its own if London’s position as a financial centre is damaged. “The big question of what being outside the single market [for financial regulation] actually means is still unresolved,” said Sir Howard Davies, the chairman of Royal Bank of Scotland and a former deputy governor of the Bank of England. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
. Britain’s major banks will be in the spotlight this week as they unveil their full year figures, with Royal Bank of Scotland forecast to make losses of more than £6bn and HSBC expected to face questions about a boardroom overhaul. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
....A slightly higher offer could make seeing off 3G and Warren Buffett a formidable task for Unilever. When Royal Bank of Scotland reports its results for 2016 this week, there will be another painful reminder of the 2008 crisis. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
.... But investors will be keen to know more about its performance in emerging markets, its cost-cutting, including closing UK branches, and any further regulatory issues. Lloyds Banking Group, Barclays and Royal Bank of Scotland follow in quick succession, and all but the latter are expected to show solid numbers. ...
Co-op Bank faces struggle to find owner with ethics – and deep pockets image
Source : Guardian [Read Article] Saturday 18th of February 2017 04:00:05 PM
....4 million, but the number of mortgage customers has increased to 225,000 from 175,000. In a week when Royal Bank of Scotland will reveal it has now racked up £55bn of losses since its 2008 bailout, the losses at the Co-op may appear comparatively small. ...
Treasury plan may allow RBS to avoid selling 300 branches image
Source : Guardian [Read Article] Friday 17th of February 2017 09:29:15 PM
. Royal Bank of Scotland could be released from a demand imposed by Brussels to sell off 300 branches as a result of proposals made by the Treasury. ...
Rolls-Royce posts biggest loss in its history image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:28:53 AM
....4bn writedown on the value of financial hedges Rolls uses to protect itself against currency fluctuations and a £671m charge for the penalties the company has agreed to pay to settle bribery and corruption charges with the Serious Fraud Office (SFO), the US Department of Justice, and Brazilian authorities. The biggest loss in British history is the £24bn recorded by Royal Bank of Scotland for 2008. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
....3bn that was used to buy shares in Lloyds TSB and HBOS, once they were combined to prevent the enlarged bank collapsing. That Hammond is on the brink of being able to make such a claim makes a stark contrast with his prospects of selling the government’s 73% stake in Royal Bank of Scotland, and comes after a tumultuous period for Lloyds, punctuated with reminders about the troubles inside HBOS. ...
Bribery and Brexit propel Rolls-Royce towards historic losses image
Source : Guardian [Read Article] Saturday 11th of February 2017 01:42:36 PM
....The pre-tax loss will be the biggest in the history of Rolls, although it is a non-cash loss that reflects a change in the value of assets in its accounts rather than cash actually leaving the business. The biggest loss in British history is the £24bn recorded by Royal Bank of Scotland for 2008. ...
RBS boss to unveil more cuts after receiving pay worth £3m in 2016 image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:06:15 PM
. Ross McEwan, chief executive of Royal Bank of Scotland, is preparing to unveil further cost cutting measures after receiving pay of around £3m in 2016. ...
Does the Imperial revolt herald a new health warning for executive greed? image
Source : Guardian [Read Article] Thursday 26th of January 2017 01:29:10 PM
.... Few pay proposals, one hopes, will be as shameless as Imperial’s. The UK state’s 72% stake in Royal Bank of Scotland is for the long term, said Chancellor Philip Hammond, as if we hadn’t noticed. ...
RBS braced for multi-billion-pound settlement for loan-misselling scandal image
Source : Guardian [Read Article] Wednesday 25th of January 2017 09:20:18 PM
. Royal Bank of Scotland is preparing to take a multi-billion-pound hit related to a toxic bond misselling scandal that dates back to the 2008 crisis. ...
Dow Jones hits record high – is Trump good for stock markets? image
Source : Guardian [Read Article] Wednesday 25th of January 2017 03:18:04 PM
.... But there should be no shame in saying the investment implications are currently as clear as mud. Sir Philip Hampton, the chairman of GlaxoSmithKline and former chairman of Royal Bank of Scotland, offered an excellent argument the other day for why highly paid business folk should not get knighthoods. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
....He was appearing before MPs on the Commons business, energy and industrial strategy select committee and was among a number of witnesses giving evidence on corporate governance. Hampton, who has also been chairman of Royal Bank of Scotland and Sainsbury’s, was also asked to justify high executive pay. ...
UK fraud hits record £1.1bn as cybercrime soars image
Source : Guardian [Read Article] Tuesday 24th of January 2017 07:01:40 AM
....Highlighting a dramatic rise in cybercrime, KPMG’s statistics included a £113m cold-calling scam for which the ringleader received an 11-year jail sentence in September. Feezan Hameed was caught after targeting 750 Royal Bank of Scotland customers in the biggest cyberfraud the Metropolitan police had seen. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....In January last year, HSBC’s internet banking facility was made unavailable following a DOS attack, but no transactions were affected. In 2015, Royal Bank of Scotland revealed it suffered a cyber-attack on its online services that left customers struggling to log on for nearly an hour – just as monthly pay cheques were arriving in accounts. ...
Is the FTSE heading for the crash of 2017? image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
. Almost exactly a year ago, economists at Royal Bank of Scotland advised clients to sell everything ahead of a stock market crash. ...
Scots can enjoy the best of exchange rates | Brief letters image
Source : Guardian [Read Article] Thursday 19th of January 2017 06:39:24 PM
....As an Englishman resident in Scotland for more than 50 years, I have never felt the slightest “shame … reserved for those who try to spend Scottish notes south of the border” (Time to cash in, G2, 18 January). I have, however, on two occasions, handed over a Royal Bank of Scotland £1 note in England and been offered change for a fiver. ...
Calls for ex-Rolls-Royce CEO to lose knighthood after firm admits bribery image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:48:18 PM
.... In the US settlement, which did not name the middlemen used to pay bribes, Rolls-Royce admitted that:. Former Royal Bank of Scotland boss Fred Goodwin lost his knighthood in 2012 after being heavily criticised over his role in the bank’s near-collapse in 2008. ...
Blackrock becomes biggest Lloyds bank shareholder image
Source : Guardian [Read Article] Sunday 8th of January 2017 03:40:57 PM
.... António Horta-Osório, Lloyds’ chief executive, said the latest sell-off was a key milestone for the bank. The government stake in Royal Bank of Scotland remains at 73% after Osborne sold off 5% in August 2015 at a £1bn loss. ...
Global regulators postpone pivotal banking reform meeting image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 02:29:54 PM
....Sir Howard Davies, a professor at the Paris Institute of Political Science, wrote last week that agreement had “ so far proved impossible”. Davies, who is also chairman of Royal Bank of Scotland, said: “The Europeans argue that their banks’ corporate lending is inherently less risky. ...
RBS investors call for governance changes to improve transparency image
Source : Guardian [Read Article] Friday 30th of December 2016 08:06:35 AM
. About 160 investors are calling for the Royal Bank of Scotland to shore up corporate governance by creating a shareholder committee to sniff out “poor stewardship”. ...
Pension expert call for scrutiny over Sports Direct sale of Dunlop image
Source : Guardian [Read Article] Thursday 29th of December 2016 07:59:07 PM
.... The group was technically insolvent, with more liabilities than assets but the accounts state that Dunlop Slazenger remained a going concern as working capital was financed by Sports Direct. Sports Direct’s founder and major shareholder, Mike Ashley, acquired Dunlop Slazenger for an estimated £40m in 2004 from Royal Bank of Scotland – which had taken control of the struggling business from its private equity-backed owners. ...
Brexit, Trump and 25 spoons of sugar: our top business stories of 2016 image
Source : Guardian [Read Article] Thursday 29th of December 2016 12:13:55 PM
....Nat West bank raised the spectre of negative interest rates, telling its business customers it might have to charge to accept deposits. The bank, which is part of the Royal Bank of Scotland and so owned by the taxpayer, issued its warning in a letter changing the terms and conditions for its 850,000 business customers, which range from self-employed traders to clubs, charities and large corporations. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
.... Padda joined in 2004 and has been promoted from chief operations officer. Ross McEwanThe New Zealander who runs Royal Bank of Scotland will be hoping to reach a settlement with the Department of Justice over a bond mis-selling scandal and find a buyer for 300 branches that must be sold under state aid penalties imposed by Brussels. ...
Sports Direct sells Dunlop for $137m image
Source : Guardian [Read Article] Tuesday 27th of December 2016 12:58:13 PM
....Sumitomo Rubber Industries confirmed that it will acquire the trademark rights of the Dunlop brand overseas, as well as its sporting goods and licensing businesses. Sports Direct’s founder and major shareholder, Mike Ashley, acquired Dunlop Slazenger for an estimated £40m in 2004 from Royal Bank of Scotland – which had taken control of the struggling business from its private equity-backed owners – three years before he floated his sportswear retail chain on the stock exchange. ...
Monte dei Paschi bailout shouldn't be seen as a done deal, says ECB member image
Source : Guardian [Read Article] Monday 26th of December 2016 05:32:18 PM
.... The bailout plan was spurred by Monte dei Paschi’s poor results in ECB “stress tests”, a system set up by the European Union after the financial crisis to measure banks’ resilience to unexpected economic shocks. Stress tests are intended to ensure that taxpayers are not asked to pick up the tab for multi-billion pound bailouts, such as those that the British government orchestrated to save Lloyds and Royal Bank of Scotland. ...
New 12-sided £1 coin to enter circulation on 28 March image
Source : Guardian [Read Article] Sunday 25th of December 2016 12:01:03 AM
.... The note was removed from circulation on 11 March 1988, although it is still redeemable today at the Bank of England’s offices. One-pound notes continue to be issued in Jersey, Guernsey and the Isle of Man, and by the Royal Bank of Scotland. ...

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