Stocks and Finance

Royal Bank of Scotland

Royal Bank of Scotland 12/12/2011

13:01 : FSA: we spent too much time on RDR instead of RBS - The pre-crisis Financial Services Authority’s (FSA) board was too devoted to ‘conduct issues’ like the retail distribution review (RDR) to adequately meet the challenges of supervising RBS, said the regulator's report into ...

Source : citywire-co-uk

12:11 : U.K. Regulator Seeks Future Fines for Managers in RBS Report - U.K. regulators pushed for new powers to automatically sanction senior bank executives as well as increased oversight of financial mergers as part of a report on the near collapse of Royal Bank of Scotland Group Plc.

Source : businessweek-com

11:35 : Cable seeking advice on RBS chiefs - Business Secretary Vince Cable today said he will continue to look into whether any Royal Bank of Scotland directors should face disqualification following today's report into the bank's failure.

Source : independent-co-uk

11:10 : FSA report into RBS collapse identifies poor management - POOR management decisions and the last Labour government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland, a long-awaited report by the City watchdog said today.

Source : walesonline-co-uk

10:55 : RBS report: key findings - A summary of the FSA report's main findings and recommendations into Royal Bank of ScotlandBritain's Financial Services Authority (FSA) published on Monday its report into the near-collapse of Royal Bank of Scotland during ...

Source : guardian-co-uk

10:54 : RBS report: key findings - A summary of the FSA report's main findings and recommendations into Royal Bank of ScotlandBritain's Financial Services Authority (FSA) published on Monday its report into the near-collapse of Royal Bank of Scotland during ...

Source : guardian-co-uk

09:37 : ENRC slumps 5% on SFO news, as markets remain cautious on eurozone summit - Kazakh miner leads FTSE 100 fallers after fraud allegations, while RBS drops after FSA reportMining groups and banks are heading lower as investors continue to worry about the outcome of the eurozone ...

Source : guardian-co-uk

09:00 : Failings of bosses caused demise of Royal Bank of Scotland - POOR management decisions and the last Labour government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland, a long-awaited report by the City watchdog said today.

Source : independent-ie

09:00 : FSA supervision was an 'insufficient challenge' to RBS - (Update) The City regulator said there were six key factors that contributed to Royal Bank of Scotland's (RBS) downfall, including its own approach to regulation.

Source : citywire-co-uk

08:20 : RBS failure caused by 'multiple poor decisions' - The FSA criticised the 'light touch' regulation encouraged by the Labour government as it called for an overhaul of the rulesThe Financial Services Authority has criticised the "light touch" regulation that was encouraged by the Labour government as ...

Source : guardian-co-uk

08:10 : RBS 'gambled' with ABN purchase - Royal Bank of Scotland gambled with its purchase of Dutch bank ABN Amro and was dragged to the brink of collapse three years ago by poor management decisions and flawed regulation and supervision, a report ...

Source : irishtimes-com

08:07 : RBS report: 'flawed' FSA contributed to bank's failure - The Financial Services Authority has admitted that flaws in its approach and inadequate supervision of banks contributed to the failure of the Royal Bank of Scotland.

Source : citywire-co-uk

07:59 : Management and light-touch regulation blamed for RBS crisis - Poor management decisions and the last Labour government's light-touch regulatory regime were key factors in the near-collapse of Royal Bank of Scotland, a long-awaited report by the City watchdog said today.

Source : independent-co-uk

07:47 : FSA an 'insufficient challenge' to RBS - (Update) The City regulator said there were six key factors that contributed to Royal Bank of Scotland's (RBS) downfall, including its own approach to regulation.

Source : citywire-co-uk

07:10 : HIGHLIGHTS-Key findings from FSA report into RBS - LONDON, Dec 12 (Reuters) - Britain's Financial Services Authority (FSA) published on Monday its report into the near-collapse of Royal Bank of Scotland during the 2008 credit crisis.

Source : reuters-com

01:21 : Financial Services Authority caught napping over Royal Bank of Scotland - • Political outrage forced FSA to issue full report • Analysis exonerates RBS bosses of dishonesty A series of regulatory failings by the Financial Services Authority in the run up to the taxpayer bailout of Royal Bank ...

Source : guardian-co-uk

01:02 : RBS and regulator face music on bank collapse - LONDON (Reuters) - Royal Bank of Scotland took a reckless gamble with its purchase of ABN Amro and its board failed to stand up to a hard-headed boss, dragging the bank to the brink of collapse three years ...

Source : reuters-com

Royal Bank of Scotland 11/12/2011

18:15 : Light-touch regulation and catalogue of errors led to RBS bailout, conclude - The near-500 page report will be released by the Financial Services Authority (FSA) at 6am tomorrow and will shed light on what went wrong in the lead-up to its £45.5 billion rescue.

Source : thisismoney-co-uk

16:34 : RBS investigation: Chapter 2 - the ABN Amro takeover - The second part of our in-depth investigation into the collapse of RBS, showing how the bank became involved in the deal that would eventually be a major cause of its demise

Source : telegraph-co-uk

16:34 : RBS investigation: Chapter 4: the bail-out - The fourth part of our in-depth investigation into the collapse of RBS, detailing the tumultuous days that saw the bank teeter on the brink of collapse.

Source : telegraph-co-uk

16:33 : RBS investigation: Chapter 1 - NatWest and Beyond - The first of a five part in-depth investigation by the Telegraph in March into the collapse of Royal Bank of Scotland. For the first time we publish the full version of our three-month investigation.

Source : telegraph-co-uk

16:33 : RBS investigation: Chapter 3 - run up to the collapse - The third part of our in-depth investigation into the collapse of RBS showing how the bank pushed on with the risky takeover of ABN Amro even as global financial markets went into meltdown.

Source : telegraph-co-uk

Royal Bank of Scotland 09/12/2011

23:26 : RBS report to reveal fatal flaws at the heart of financial regulator - People who have seen the 500- page document said it would blame inherent weaknesses in the regulatory architecture created by Gordon Brown for the fiasco that forced taxpayers into a £45bn bailout of RBS.

Source : thisismoney-co-uk

10:53 : RBS report: regulators need new rules to crack down when banks go bust - FSA expected to argue that bankers need to be held to different standards in report into bailed out Royal Bank of ScotlandRegulators need new rules to crack down on bankers when banks go bust and to block hostile takeovers, according to recommendations ...

Source : guardian-co-uk

08:42 : European leaders resume Brussels summit talks: live coverage - • 23 European countries agree changes to Lisbon treaty • Cameron opposes financial transaction tax • Leaders still need to reassure stock markets8.17am: The markets seem uncertain how to take the latest developments. The FTSE 100 opened 35 ...

Source : guardian-co-uk

Royal Bank of Scotland 08/12/2011

23:47 : Royal Bank of Scotland due diligence on ABN £49bn deal 'minimal' - People who have seen the latest draft of the report confirmed that FSA chairman Lord Turner would describe the bank's due diligence as ‘two lever-arch files and a CD-ROM', despite fierce objections from lawyers acting for former directors.

Source : thisismoney-co-uk

Royal Bank of Scotland 07/12/2011

15:06 : FSA poised to bare soul over RBS failure - LONDON (Reuters) - The financial regulator is expected next week to sharply criticise its own failings for not preventing the country's largest bank failure and label the aggressive expansion that felled Royal Bank of Scotland ...

Source : reuters-com

Royal Bank of Scotland 05/12/2011

12:13 : Are banks heeding King's bonus call' - The Bank of England governor called for pay restraint while banks improve their capital cushions to cope with the eurozone crisis, but have they taken note?By the end of September 2011, the big three banks had amassed ...

Source : guardian-co-uk

Royal Bank of Scotland 04/12/2011

00:36 : RBS went from mercy killings to life support. Now it's even certified ... - The report into the collapse of Royal Bank of Scotland is due to be published in the next two weeks. But it's already very clear what went wrongShortly after Royal Bank of Scotland took over National ...

Source : guardian-co-uk

Royal Bank of Scotland 03/12/2011

22:22 : RBS report won't examine role of Goodwin and McKillop in bank's collapse - The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

Source : telegraph-co-uk