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Royal Bank of Scotland

Royal Bank of Scotland 21/11/2011

11:23 : Lloyds' new wholesale head to stay at RBS - Nathan Bostock had been due to become chief executive of the wholesale division at Lloyds Banking Group next year, but has now decided to stick with RBSThe top management team at Lloyds Banking Group was thrown into further chaos on Monday when a high-profile ...
Source : guardian-co-uk

Royal Bank of Scotland 19/11/2011

23:03 : RBS faces lawsuit over MF Global collapse - Legal action looms over collapse of MF Global after two pension funds named the bank in a court action claiming misleading statements were made about the broker's $6.3bn (£3.9bn) exposure to European sovereign debt.
Source : telegraph-co-uk

Royal Bank of Scotland 16/11/2011

00:58 : Woori Bank says preparing to sue Citi, Merrill, RBS over investment - SEOUL, Nov 16 (Reuters) - South Korea's Woori Bank is planning to lodge a lawsuit against Citigroup, Bank of America Merrill Lynch and Royal Bank of Scotland related to over 1 trillion ...
Source : reuters-com

Royal Bank of Scotland 15/11/2011

15:12 : Aviva to cut 380 jobs after restructuring of RBS tie-up - Aviva is to cut 380 jobs from the second half of next year in its Bristol office, due to the restructuring a bancassurance tie-up with Royal Bank of Scotland.
Source : citywire-co-uk
14:57 : Insurer Aviva says 384 jobs to go in Bristol - LONDON, Nov 15 (Reuters) - Aviva Plc, Britain's second-biggest insurer, said it planned to shed 384 jobs in the UK following the expiry of a life and savings joint venture with Royal Bank of Scotland.
Source : reuters-com

Royal Bank of Scotland 12/11/2011

19:42 : RBS Trio Join Macquarie as U.K. Lender Shrinks Division - Raj Khatri, head of metals and mining for Europe at Royal Bank of Scotland Plc, and two of his colleagues have left to join Macquarie Group Ltd., as the U.K. lender shrinks its securities unit.
Source : businessweek-com
01:45 : Royal Bank of Scotland leaves MBIA lawsuit - NEW YORK, Nov 11 (Reuters) - The Royal Bank of Scotland Group Plc has withdrawn from two lawsuits filed by banks challenging the 2009 restructuring of MBIA Inc , once the world's largest bond insurer.
Source : reuters-com

Royal Bank of Scotland 11/11/2011

22:40 : UK domestic banks offer good reasons for cheer - It is evident that much of the bad news is 'in the price', and for the first time in a while it is possible to argue that Lloyds, RBS and the rest could outperform the market
Source : ft-com
17:45 : Cameron Says He Can Stop 500 Million-Pound Bonuses at RBS - U.K. Prime Minister David Cameron said he can stop Royal Bank of Scotland Group Plc from paying a reported 500 million pounds ($800 million) in bonuses to investment bankers this year.
Source : businessweek-com

Royal Bank of Scotland 10/11/2011

11:14 : Cameron to funnel extra £95m for small businesses through banks - PM sets out plans for RBS, Natwest and HSBC to help distribute money from Regional Growth FundDavid Cameron has set out plans to put aside an extra £95m to help small and medium-sized ...
Source : guardian-co-uk

Royal Bank of Scotland 09/11/2011

08:00 : Wednesday Papers: collapse of RBS and HSBC 'most dangerous' for global ... - Royal Bank of Scotland and HSBC are among a top tier of international banks whose failure would be most dangerous for the global financial system, it has been revealed.
Source : citywire-co-uk
00:16 : RBS and HSBC to be ordered to hold extra insurance - Royal Bank of Scotland and HSBC are among a top tier of international banks whose failure would be most dangerous for the global financial system, it has been revealed.

Royal Bank of Scotland 08/11/2011

02:55 : Coutts facing fine over AIG product sales - FT - LONDON, Nov 8 (Reuters) - The UK financial watchdog will fine Coutts & Co, the private banking arm of the Royal Bank of Scotland , about 6 million pounds for the way it sold savings products linked to U.S. insurer AIG ...
Source : reuters-com

Royal Bank of Scotland 05/11/2011

16:46 : Online Banking Problems For RBS And Natwest - Royal Bank of Scotland and NatWest have been experiencing problems with their online and mobile banking, a day after HSBC had major issues with its cashpoints.
Source : news-sky-com

Royal Bank of Scotland 04/11/2011

23:00 : Four UK banks could bolster cash cushions as G20 reveals they are too ... - The leaders of the world's 20 biggest economies revealed that 29 banks, including RBS, are so pivotal to the financial system that they may need to hold more capital than rivals.
18:02 : RBS boss warns of more job losses - The boss of Royal Bank of Scotland warned today that job losses at the taxpayer-backed bank would be more severe than it had hoped because of a "longer and bumpier" road to recovery.
15:15 : RBS opts for 'buy British' strategy in splurge on gilts - "Buy British" has been a popular cry of UK politicians in the past and from the looks of Royal Bank of Scotland's latest accounts it would look to be a sentiment the state-backed lender would heartily endorse.
Source : telegraph-co-uk
14:42 : UK-backed RBS posts €2.3bn third quarter profit - UK taxpayer-backed Royal Bank of Scotland reported a return to profit in the third quarter as it slashed its bad debts and offset a plunge in income at its under-pressure investment arm.
Source : independent-ie
11:29 : RBS says no Q3 bonus for investment bankers - LONDON, Nov 4 (Reuters) - Royal Bank of Scotland said it did not set aside any bonuses for staff in its investment bank during the third quarter after a sharp fall in income during a tough three months.
Source : reuters-com
10:59 : RBS reduces peripheral debt exposure by £3.5bn - While taking a further loss of £142 million on its Greek debt, the bank has made progress in reducing its exposure to peripheral debt this year and has delivered a £1.2 billion profit in the third quarter.  
Source : citywire-co-uk
10:15 : RBS takes fresh hit on Greek government bonds - Chief executive Stephen Hester warns of further job cuts as he admits market turbulence and regulatory reform will make path to recovery 'longer and bumpier'Royal Bank of Scotland has taken another hit on its exposure to Greek government bonds ...
Source : guardian-co-uk
09:29 : RBS posts £2bn profits - Taxpayer-backed Royal Bank of Scotland reported a return to profit in the third quarter as it slashed its bad debts and offset a plunge in income at its under-pressure investment arm.
07:58 : UPDATE 1-RBS expects tough Q4 as debt gains boost Q3 - LONDON, Nov 4 (Reuters) - Royal Bank of Scotland expects difficult market conditions in the fourth-quarter, with banks around the world hit by Europe's debt crisis, and the part-nationalised lender added it had taken more ...
Source : reuters-com
07:58 : RPT-UPDATE 1-RBS expects tough Q4 as debt gains boost Q3 - LONDON, Nov 4 (Reuters) - Royal Bank of Scotland expects difficult market conditions in the fourth-quarter, with banks around the world hit by Europe's debt crisis, and the part-nationalised lender added it had taken more ...
Source : reuters-com
01:18 : Debt gains may offset market woes for RBS - LONDON (Reuters) - Royal Bank of Scotland's third-quarter results will be impacted by the financial market turmoil that has hit banks around the world, although some analysts see the part-nationalised lender making a profit on accounting debt gains.
Source : reuters-com

Royal Bank of Scotland 03/11/2011

10:37 : RBS Drive To Boost Small Business Loans - The Royal Bank of Scotland plans to boost lending to small businesses by at least 15% in three months as part of a drive to get behind the economic recovery.
Source : news-sky-com
09:03 : UK's RBS says to boost small business lending - LONDON, Nov 3 (Reuters) - Royal Bank of Scotland is not out of the woods yet but will aim to hike lending to small businesses by at least 15 percent over the next three months, the bank said, in an effort to stave off criticism ...
Source : reuters-com

Royal Bank of Scotland 31/10/2011

12:48 : Barclays third-quarter of profits rise to £2.4bn: reaction - Barclays and the publicly owned RBS are expected to announce combined profits of more than £2bn this week, revealing that they have weathered the economic downturn better than some of their US rivals.
Source : telegraph-co-uk
11:18 : 'Crisper' Coutts poised to drop RBS brand - The private bank Coutts will tomorrow drop the RBS name, as part of a drive to double its business size and rejuvinate its ancient brand in Europe and Asia.
Source : citywire-co-uk
09:12 : Barclays profits rise, shrugs off fall at investment bank - Barclays and the publicly owned RBS are expected to announce combined profits of more than £2bn this week, revealing that they have weathered the economic downturn better than some of their US rivals.
Source : telegraph-co-uk
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