Category: Royal Bank Of Scotland RBS

RBS, Lloyds Fall More Than 2% as BOE Opts for `Reluctant’ Hike – Bloomberg – Royal Bank of Scotland RBS

Bloomberg RBS, Lloyds Fall More Than 2% as BOE Opts for `Reluctant’ HikeBloombergRoyal Bank of Scotland Group Plc and Lloyds Banking Group Plc both fell more than 2 percent as the Bank of England signaled it won’t follow up on its first interest-rate hike in a decade anytime soon. The two banks are widely seen…

RBS told to get act together on compensating small businesses – Reuters – Royal Bank of Scotland RBS

Reuters RBS told to get act together on compensating small businessesReutersRBS’s Global Restructuring Group (GRG) has been accused by customers of driving them to bankruptcy in order to pick up their assets on the cheap. State-owned RBS has set aside 400 million pounds ($530 million) to cover the bill for claims against it.FCA boss says…

FCA boss says it was “unfortunate” that RBS did not more readily accept strong criticisms made in small business report – Proactive Investors UK – Royal Bank of Scotland RBS

Proactive Investors UK FCA boss says it was “unfortunate” that RBS did not more readily accept strong criticisms made in small business reportProactive Investors UKThe head of the Financial Conduct Authority has said it was “unfortunate” that Royal Bank of Scotland PLC (LON:RBS) did not more readily accept strong criticisms made in a report on…

Market report: Barclays looking up as Square Mile takes in Brown’s RBS tilt revelation – Evening Standard – Royal Bank of Scotland RBS

Evening Standard Market report: Barclays looking up as Square Mile takes in Brown’s RBS tilt revelationEvening StandardFor all Barclays’ current share price woes, there was some comfort today that things might be a lot worse. It could have bought Royal Bank of Scotland. Just when we thought we had heard it all about risk appetite…

Barclays Discussed Buying RBS in 2008 Crisis, Gordon Brown Says – Bloomberg – Royal Bank of Scotland RBS

Bloomberg Barclays Discussed Buying RBS in 2008 Crisis, Gordon Brown SaysBloombergBrown makes the claim in his forthcoming memoirs, “My Life, Our Times,” to be published Nov. 7. According to Brown’s office, the book “reveals how, without the money to do so, Barclays tried to buy Royal Bank of Scotland, as well as Lehman Brothers.Gordon Brown…

Litigation tracker: RBS most active company in English courts in Q3 17 – The Lawyer – Royal Bank of Scotland RBS

The Lawyer Litigation tracker: RBS most active company in English courts in Q3 17The LawyerThe Royal Bank of Scotland (RBS) was the most frequent litigant in the English courts in the third quarter of 2017, The Lawyer can reveal, having appeared in eight cases that reached judgment. According to the latest findings in The Lawyer’s…

Royal Bank of Scotland boss Ross McEwan has a tough job ahead, says GEOFF HO – Express.co.uk – Royal Bank of Scotland RBS

Express.co.uk Royal Bank of Scotland boss Ross McEwan has a tough job ahead, says GEOFF HOExpress.co.uk… customers, which is a gaping wound that will take years to heal. A report released by the Financial Services Authority earlier this month found that there was “systematic inappropriate customer treatment” of thousands of small business customers by …RESIGN!…

RBS shares on a high as it stays in the black – Express.co.uk – Royal Bank of Scotland RBS

Express.co.uk RBS shares on a high as it stays in the blackExpress.co.ukRBS, over 70 per cent owned by the UK taxpayer after its £45billion bailout nearly a decade ago, posted a third-quarter profit of £392million compared with a £469million loss a year ago, boosting its profits for the first nine months to £1.33billion …Ulster Bank…

This is Money ALEX BRUMMER: It’s time to cut RBS loose – the Government should start placing sharesThis is MoneyWith the exception of the initial £45billion bailout of Royal Bank of Scotland in 2008, most political decisions taken by the Government on the future shape of the lender have been wrong. Successive governments have been…

Ulster Bank faces €38.5m conduct bill as tracker costs mount – Independent.ie – Royal Bank of Scotland RBS

Independent.ie Ulster Bank faces €38.5m conduct bill as tracker costs mountIndependent.ieSaved by a £45.5bn UK government bailout during the 2008 financial crisis, a third of which flowed to Ulster Bank, RBS reported its third consecutive quarter of profitability as it emerges from restructuring but still forecasts an overall loss this …RBS shares on a high…