Tag Archive: Royal Bank of Scotland
RBS takes top spot for renewable energy
Royal Bank of Scotland (RBS) has been named the UK’s number one bank for renewable energy use, in the 2012 Bloomberg Corporate Renewable Energy Index. According to the bank, 61% of its global energy use comes from renewable sources, rising … Read more
RBS update on technical glitch
Royal Bank of Scotland (RBS) says it is making progress over the fall-out from its technical glitch and will be keeping a total of 1,200 branches of RBS, NatWest and Ulster Bank open from 8 am to 6 pm for … Read more
NatWest to open late over technical glitch
Royal Bank of Scotland (RBS) has confirmed that a technical glitch is affecting a large number of NatWest and Ulster Bank customers, and a small number of RBS customers, including some business customers. The problem is the result of systems … Read more
Moody’s downgrades Barclays, HSBC and RBS
Moody’s has “repositioned” the ratings of 15 banks and securities firms with global capital markets operations, with Barclays, HSBC and Royal Bank of Scotland (RBS) all downgraded. The credit rating firm says the banks affected have “significant exposure to the … Read more
Diversity award for RBS
Royal Bank of Scotland has been recognised for its efforts to increase female graduates across the group. The bank’s graduate recruitment team collected the Best Diversity Initiative award at this year’s National Graduate Recruitment Awards, females having made up almost … Read more
RBS issues Jubilee £10 note
To celebrate The Queen’s Diamond Jubilee, Royal Bank of Scotland (RBS) has launched a commemorative £10 note. Approved by the The Queen, it is the third in RBS’s royal commemorative note series, which includes a £20 note for The Queen … Read more
RBS posts £1.4bn Q1 loss
Royal Bank of Scotland (RBS) has posted a £1.4 billion pre-tax loss for the first quarter of 2012, compared with a loss of £116 million a year earlier and a pre-tax loss of £1.97 billion in the final quarter of … Read more
RBS sets new environmental targets
Royal Bank of Scotland (RBS) has set new environmental targets which could save the group £200 million by 2020, while reducing the environmental impact of its operations. By 2014 the bank is aiming for: a 15% reduction in energy and … Read more
RBS launches UK-based China Desk
Royal Bank of Scotland (RBS) has launched a UK China Desk with the aim of providing a hub in London to help companies in mainland China expand their business internationally. The facility should also help companies throughout Europe do business … Read more
RBS bankers arrested in tax fraud investigation
A number of bankers have been arrested following an HM Revenue & Customs tax fraud investigation, the BBC has reported. The arrests took place on Wednesday of last week across London and the South East, with four of those apprehended … Read more
Jefferies acquires RBS corporate broking arm
US investment bank, Jefferies, has agreed to acquire Hoare Govett, the stockbroking business of Royal Bank of Scotland. With its one hundred year history, Hoare Govett is regarded as one of the UK’s most prominent corporate brokers and the acquisition … Read more
Hester bows to political pressure over bonus
Royal Bank of Scotland’s (RBS’s) share price will be watched closely today following the news that chief executive, Stephen Hester, has surrendered this year’s bonus, which amounts to almost £1 million in shares. Mr Hester has bowed to mounting political … Read more
RBS sells aircraft leasing unit
Royal Bank of Scotland (RBS) is selling its aircraft leasing business to Sumitomo Mitsui Banking Corporation (SMBC), for around £4.7 billion. By book value, the business is the fourth largest in the sector worldwide. SMBC says it expects demand for … Read more
FSA publishes report on RBS failure
In its long-awaited report on the failure of Royal Bank of Scotland (RBS), the Financial Services Authority (FSA) concludes that poor decisions made by the RBS management and board, deficiencies in the global capital regime and flaws in the FSA’s … Read more
RBS launches multi-asset note
Royal Bank of Scotland (RBS) has launched RBS Maze, a multi-asset capital protected five-year note linked to equities, bonds, precious metals and commodities. The note has been designed to solve the asset allocation problem resulting from today’s troubled markets, on … Read more
RBS aircraft leasing unit up for sale
Royal Bank of Scotland (RBS) has cleared the sale of RBS Aviation Capital, its aircraft leasing and financing subsidiary. The business employs 90 staff across offices in Dublin, London, New York, Hong Kong, Shanghai, Toulouse, Beijing, Singapore and Tokyo. It … Read more
RBS enters Chinese securities market
Royal Bank of Scotland (RBS) has launched a joint venture with China’s Guolian Securities, the BBC has reported. The majority state-owned RBS holds a 33.3% stake in Hua Ying Securities Co., with Guolian Securities holding the remainder. The move makes … Read more
RBS to expand Coutts brand
Royal Bank of Scotland (RBS) is proposing to double the size of its private banking unit by expanding the RBS Coutts brand in international markets, Reuters has reported. The taxpayer-owned group’s head of private banking, Rory Tapner, told the news … Read more
RBS reports £1.13bn loss for 2010
Royal Bank of Scotland (RBS) has reported a loss of £1.13 billion for 2010, compared with a loss of £3.6 billion in 2009. Group income rose 10%, to just under £33 billion, alongside good growth in the bank’s core retail … Read more
RBS makes senior appointment in China
Royal Bank of Scotland (RBS) has appointed Frank Hamer as head of Global Transactions Services (GTS) for China. The group’s GTS operations provide global cash and liquidity management, trade services and commercial cards to corporate clients in over 40 countries … Read more