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Tag Archive: Royal Bank of Scotland

  • Church of England confirms RBS branches bid

    The Church of England has confirmed that it is part of a consortium that includes the Corsair Capital investment fund and Centerbridge, which is bidding for the 314 Royal Bank of Scotland (RBS) branches currently up for sale. The confirmation … Read more »

  • 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 »