RBS News

• Five major UK banks in profit for first time since 2010

  All five major UK banks (Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered) recorded a profit in the first half of the year, for the first time since 2010, according to a new report from KPMG. Combined profits of … Read more »

• RBS reviews SME lending

  Royal Bank of Scotland (RBS) is about to undertake a “thorough and independent” review of its lending practices for small and medium-sized businesses (SMEs). Sir Andrew Large and management consultant firm, Oliver Wyman, have been appointed to undertake the task … Read more »

• Pension funds launch claim against RBS

  A claim has been issued today against The Royal Bank of Scotland (RBS) in the High Court in London by Stewarts Law on behalf of 21 claimants including a number of UK pension funds. The claim concerns the Rights Issue … Read more »

• Banks fail on cash ISA advice

  Some of the UK’s biggest banks are failing to give the right advice when it comes to transferring and managing their cash ISAs, a new investigation by Which? claims. The consumer group recently made 180 calls to 15 leading banks … Read more »

• RBS appoints corporate regional director

  Royal Bank of Scotland (RBS) has appointed Jonathan Barrow as regional director for the East of England corporate & institutional banking coverage team. Mr Barrow moves from RBS’s large corporate team in London where he held the position of senior … Read more »

• RBS extends Six Nations sponsorship

  The Six Nations Council and Royal Bank of Scotland (RBS) have agreed a four-year extension of their existing partnership that will see RBS remain as the tournament’s title sponsor until 2017. The bank has been title sponsor since 2003, since … Read more »

• RBS and NatWest censured over use of charging orders

  The Office of Fair Trading (OFT) has imposed requirements on Royal Bank of Scotland (RBS) and NatWest over their use of charging orders, which place a “charge” on a debtor’s property, turning unsecured debts into secured debts that must be … Read more »

• RBS expands healthcare & pharmaceuticals team

  Royal Bank of Scotland Corporate & Institutional Banking is expanding its healthcare and pharmaceuticals team with the appointments of Emily Makinson and Paul Weeks as associate director and director, respectively. The move forms part of a drive to enhance RBS’s … Read more »

• RBS auctions rare bank notes

  Royal Bank of Scotland (RBS) is auctioning a number of its rare bank notes today to raise funds for The Queen Elizabeth Diamond Jubilee Trust. The £10 commemorative notes are expected to attract high bids from collectors due to their … Read more »

• HSBC gives up on RBS India acquisition

  HSBC is not going ahead with the acquisition of Royal Bank of Scotland’s Indian retail and commercial banking businesses, the companies having failed to reach agreement on the deal. HSBC says its Asia Pacific unit remains committed to pursuing growth … 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 »

• Criminal charges apply to LIBOR manipulation

  The Director of the Serious Fraud Office (SFO), David Green QC, has announced that he is satisfied that existing criminal offences are capable of covering conduct in relation to the alleged manipulation of Libor and related interest rates. The SFO … Read more »

• Two weeks to go on Ulster Bank technical glitch

  Ulster Bank, part of Royal Bank of Scotland (RBS) group, has announced that the problems arising from a major technical glitch that occurred in June will not be resolved for all customers for another fortnight. In a statement, the bank … Read more »

• Banks agree SME rate-hedging redress

  Having found serious failings in the sale of interest rate hedging products to Britain’s small and medium-sized businesses, the Financial Services Authority (FSA) has announced that it has reached agreement with Barclays, HSBC, Lloyds and RBS to provide appropriate redress … 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 »

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