Royal Bank of Scotland (RBS) is likely to write down the value of its US bank Citizens by about £4 billion ($6.2 billion) next week, industry sources said, potentially wiping out much of the state-backed bank's annual profit.
State-backed British lender Royal Bank of Scotland (RBS) is in talks with private equity firms over a plan for them to inject cash into its Irish arm, the Sunday Times reported, citing sources in London's City financial district.
Royal Bank of Scotland is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources said yesterday.
The part-nationalised bank
Royal Bank of Scotland (RBS) is to create an internal "bad bank" to fence off its riskiest assets, part of a raft of measures designed to heal its relationship with the British government and speed up its eventual privatisation.
A consortium led by private equity firm Corsair will pay £600 million ($960m) to be an anchor investor in 314 branches being sold by Royal Bank of Scotland.
RBS said yesterday the consortium had won an auction and would take
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
RBS Securities, a US registered broker-dealer and an indirect wholly-owned subsidiary of The Royal Bank of Scotland, has become a clearing member of DME, the Middle East’s premier international energy futures and commodities exchange.
Royal Bank of Scotland (RBS) is facing the increasing likelihood of having to settle separately with UK and US authorities investigating its involvement in the global interest rate-setting scandal, the Sunday Telegraph said.
Royal 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