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Royal Bank of Scotland to cut 1,400 jobs in UKRoyal 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 More… |
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RBS fined $615 million for rate riggingBritain's Royal Bank of Scotland will pay US and British authorities $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated global benchmark interest rates. More… |
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RBS 'close to $564m Libor settlement'Royal Bank of Scotland is braced for a penalty of more than 350 million pounds ($564 million) for its role in a global interest rate rigging scandal, the Sunday Times newspaper reported, without citing sources. &nb More… |
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RBS tries to find fresh suitors for branch networkRoyal Bank of Scotland has sent sales documents to prospective buyers of the branches it is being forced to sell, in the hope it can draw up a shortlist next month, sources said. Information was despatched this week to trade buyer More… |
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Banks 'can afford risk of suing Dubai'Foreign lenders are threatening Dubai with a fresh debt headache. The UK's Royal Bank of Scotland, South Africa's Standard Bank and Germany's Commerzbank have launched a lawsuit against Dubai Group, an entity owned More… |
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RBS, others sue Dubai Group over debtRoyal Bank of Scotland (RBS) and two other banks have begun legal proceedings against an investment vehicle owned by Dubai's ruler, an unprecedented move to secure repayment after two years of unsuccessful debt talks. More… |
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RBS, Commerzbank face Iran funds probeUS authorities are investigating Royal Bank of Scotland and Commerzbank over possible breaches of sanctions on Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine. More… |
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RBS faces fine as Barclays boss stays defiantRoyal Bank of Scotland could face about GBP150 million ($233 million) in fines from the same interest rate rigging scandal that has hammered Barclays this week and left its boss Bob Diamond fighting for his job. Taxpayer-backed RBS is set More… |
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RBS says on recovery path as Q1 profit aheadState-backed Royal Bank of Scotland (RBS) said it was on the path to recovery as it reported a better-than-expected first-quarter operating profit and a big reduction in its balance sheet. RBS, which is 82 per cent owned by the UK governme More… |
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Abu Dhabi 'eyes $16bn investment in RBS'Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland, the Financial Times reported on Wednesday. The oil-rich emirate's sovereign wealth funds are not involved in talks at this stage, report More… |
