Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets.
Royal Bank of Sc
Royal Bank of Scotland is selling the international arm of its private bank in a deal that could be valued around $1 billion, sources said on Monday, as the British government leans on it to focus more on domestic lending.
Qatar's financial regulator has reprimanded Royal Bank of Scotland for insufficient training of its branch staff, it said on Tuesday.
"Although RBS QFC had a programme in place, it was deficient in a number of material re
The Royal Bank of Scotland (RBS) has been approved to issue letters of credit (LCs) for trading on DME, a leading energy futures and commodities exchange in the Middle East, directly from Singapore.
RBS will be able to issue LCs d
Royal Bank of Scotland will boost funding for its cash management and trade finance business in the Middle East, its top regional executive said on Tuesday, following a period of consolidation for the state-contr
Britain will start selling its shares in Lloyds Banking Group to pension funds and insurers later this year, rejecting interest from private equity and sovereign wealth funds, industry and political sources said.
The government co
Britain kicked off the process of appointing advisers for a sale of its shares in Lloyds Banking Group and Royal Bank of Scotland (RBS), asking investment banks to submit proposals by July 8.
UK Financial Investments (UKFI), which
British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group, the Sunday Times reported without citing sources.
Shares the government owns in Royal Bank of Sc
Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalised bank said on Thursday.
In a statement, the chief executive of RBS's UK retail bu