Stocks and Finance

Royal Bank of Scotland

Royal Bank of Scotland 12/01/2012

19:08 : Golden parachutes: Rip-cord economics - RICH rewards for departing bosses are not popular. After Sir Fred Goodwin led Royal Bank of Scotland into a ditch and dumped the bill on British taxpayers, he left with a pension of over £700,000 ($980,000) a year. The Sun, ...

Source : economist-com

13:26 : RBS to cut 3,500 jobs in investment bank cull - LONDON (Reuters) - Royal Bank of Scotland is to axe 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking.

Source : reuters-com

12:29 : RBS has poisoned the debate on City pay for long enough - As its home nation debates whether to declare its independence from the rest of the UK, Royal Bank of Scotland has announced the result of its own referendum.

Source : telegraph-co-uk

12:10 : RBS cuts 3,500 investment banking jobs in drive to reduce risk to taxpayers - Royal Bank of Scotland, 83 percent owned by the UK government, today unveiled plans to cut around 3,500 jobs as its further shrinks its investment bank operations. The reduction is part of a three-year plan to reduce risk.

Source : thisismoney-co-uk

10:29 : RBS announces 3,500 job cuts - British government-backed Royal Bank of Scotland today announced around 3,500 job losses over the next three years in a bid to downsize its investment banking arm.

Source : irishtimes-com

08:23 : RBS to slash 3,500 jobs in investment banking overhaul - Fresh pressures in wholesale banking will see the state-owned lender cut thousands more jobs off its payroll in a bid to get in shape for new ring-fencing requirements.

Source : citywire-co-uk

07:55 : RBS to cut 3,500 jobs as it shrinks investment bank - Royal Bank of Scotland, the lender that is 83pc owned by the British taxpayer, is to cut around 3,500 jobs as it sells and shrinks its investment bank.

Source : telegraph-co-uk

07:47 : RBS axes 3,500 jobs at investment arm - Taxpayer-backed Royal Bank of Scotland today announced around 3,500 job losses over the next three years in a bid to downsize its investment banking arm.

Source : independent-co-uk

05:07 : UPDATE 1-RBS to take knife to investment bank, jobs - LONDON, Jan 12 (Reuters) - Royal Bank of Scotland is expected to axe up to 4,000 investment banking jobs and sell or shut part of the business on Thursday after being told to reduce risk and focus more on domestic retail ...

Source : reuters-com

05:06 : UPDATE 1-RBS to take knife to investment bank, jobs - LONDON, Jan 12 (Reuters) - Royal Bank of Scotland is expected to axe up to 4,000 investment banking jobs and sell or shut part of the business on Thursday after being told to reduce risk and focus more on domestic retail ...

Source : reuters-com

02:28 : CBA, ANZ consider bids for RBS Australian units-sources - SYDNEY, Jan 12 (Reuters) - Australia and New Zealand Banking group and Commonwealth Bank of Australia are considering bidding for parts of Royal Bank of Scotland's Australian unit, two sources with knowledge ...

Source : reuters-com

01:16 : RBS to take knife to investment bank, jobs - LONDON (Reuters) - Royal Bank of Scotland is expected to axe up to 4,000 investment banking jobs and sell or shut part of the business on Thursday after being told to reduce risk and focus more on domestic retail and corporate ...

Source : reuters-com

00:00 : Ex-RBS adviser Jim O'Neil to oversee state taxpayers' stakes in financial ... - Jim O'Neil, an investment banker who played a pivotal role in the catastrophic deal that brought Royal Bank of Scotland to its knees, is to become chief executive of the UK Financial Investments.

Source : thisismoney-co-uk

Royal Bank of Scotland 11/01/2012

21:01 : RBS restructuring puts thousands of jobs on the line - Royal Bank of Scotland could axe up to 4,000 jobs at investment banking arm, as chancellor promises to get tough on bonusesThousands of City jobs will be put on the line when Royal Bank of Scotland ...

Source : guardian-co-uk

17:41 : UK expects RBS bank to pay lower bonuses - LONDON, Jan 11 (Reuters) - Majority state-owned Royal Bank of Scotland should be paying out lower bonuses after the sector's tough year, Britain's finance minister George Osborne said on Wednesday.

Source : reuters-com

12:23 : RBS's Ulster Said to Plan Job Cuts, $64 Million of Savings - Royal Bank of Scotland Group Plc's Irish unit is preparing its second round of job cuts in four years as part of an effort to save about 50 million euros ($63.9 million), according to two people with knowledge of the plan.

Source : businessweek-com

11:09 : State-owned RBS and Lloyds use taxpayers' cash to employ political lobbying - Widespread use of lobbyists will fuel concerns that the banks are using taxpayers' money to persuade ministers water down banking reforms and planned caps on executive pay.

Source : thisismoney-co-uk

10:29 : Head of UK bank shareholder UKFI steps down - LONDON, Jan 11 (Reuters) - The chairman of the body in charge of Britain's stakes in Royal Bank of Scotland and Lloyds Banking Group is to step down, saying it is "inevitable" it will take longer than expected to sell the ...

Source : reuters-com

08:28 : Taxpayer-backed banks spending on lobbyists - State-owned lenders RBS and Lloyds Banking Group have given contracts to eight lobbying and public affairs companies despite a Government ban on other publicy-funded organisations spending money to influence legislation.

Source : telegraph-co-uk

Royal Bank of Scotland 10/01/2012

17:34 : Royal Bank of Scotland rises as UBS suggests sale of Citizens, while Aviva - Bank's house broker says selling US business could add up to 12p a share to RBS, or £13bnRoyal Bank of Scotland is widely expected to announce an overhaul of its investment banking business this week, putting parts ...

Source : guardian-co-uk

11:30 : RBS Sued for Wrongful Dismissal by Trader Fired Over Libor - Royal Bank of Scotland Group Plc was sued for wrongful dismissal by a former Singapore-based trader who said the bank accused him of improperly trying to influence the setting of London interbank offered rates.

Source : businessweek-com

10:36 : RBS, Lloyds Banking Group, Barclays: Latest target share prices issued ... - Financial News Roundup: Royal Bank of Scotland Group, Lloyds Banking Group, Barclays, UK building societies struggle, business confidence, Greece must...

Source : hotproperty-co-uk

09:13 : RBS Faces Nuclear Winter as CEO Hester Dismantles Goodwin's Bank - By Thursday lunchtime in London, the 18,900 employees in Royal Bank of Scotland Group Plc's investment banking division will know whether they still have jobs at Britain's biggest government-owned lender.

Source : businessweek-com

02:04 : RBS Faces Nuclear Winter as CEO Hester Dismantles Goodwin's Bank - By Thursday lunchtime in London, the 18,900 employees in Royal Bank of Scotland Group Plc's investment banking division will know whether they still have jobs at Britain's biggest government-owned lender.

Source : businessweek-com

Royal Bank of Scotland 09/01/2012

22:16 : RBS to cut thousands of investment banking jobs-source - LONDON, Jan 9 (Reuters) - Royal Bank of Scotland is likely to cut between 3,000 and 4,000 investment banking jobs as part of an overhaul of the business to be unveiled this week, a person familiar with the matter said.

Source : reuters-com

22:15 : UPDATE 1-RBS to cut thousands of investment banking jobs - LONDON, Jan 9 (Reuters) - Royal Bank of Scotland is likely to cut between 3,000 and 4,000 investment banking jobs as part of an overhaul of the business to be unveiled this week, a person familiar with the matter said.

Source : reuters-com

22:02 : RBS to cut thousands of investment banking jobs - LONDON (Reuters) - Royal Bank of Scotland is likely to cut between 3,000 and 4,000 investment banking jobs as part of an overhaul of the business to be unveiled this week, a person familiar with the matter said.

Source : reuters-com

18:16 : RBS set to announce big payouts for top bankers – not great timing … - Deals put in place three years ago are about to be released – with the head of the investment bank, likely to axe 5,000 jobs, set to pocket £4.5mThe timing of big payouts for top management was never going to be good for Royal Bank of Scotland|Royal ...

Source : guardian-co-uk

13:39 : RBS Executive Set For £4m Payout, Reports Say - A senior executive at state-owned Royal Bank of Scotland is reportedly due to receive a £4m bonus this year, despite the Prime Minister saying he plans to stop bosses being rewarded for failure.

Source : news-sky-com

08:03 : RBS Said to Plan Announcement on Equities Business This Week - Royal Bank of Scotland Group Plc, Britain's biggest government-owned bank, will this week announce plans to sell or close its global cash equities business, a person with knowledge of the matter said.

Source : businessweek-com