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Business, finance and the economy in Scotland
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RBS to pay $2.5 billion to end UK government's dividend priority

RBS to pay $2.5 billion to end UK government's dividend priority | Business Scotland | Scoop.it
LONDON (Reuters) - Royal Bank of Scotland has agreed to pay 1.5 billion pounds ($2.5 billion) to cancel an arrangement that gives the government priority over dividends, clearing an obstacle
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RBS places troublesome assets worth £38bn in internal 'bad bank'

RBS places troublesome assets worth £38bn in internal 'bad bank' | Business Scotland | Scoop.it
RBS chief executive Ross McEwan warns of substantial losses this year as George Osborne says no sell-off until after election
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RBS in £700m revamp of retail banking

PART-nationalised Royal Bank of Scotland has launched a £700 million revamp of its retail banking arm, including a refurbishment of its 2066 branches and a drive to revitalise the RBS brand in Scotland.

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RBS 'might bid' to keep branches after Santander deal collapses

RBS 'might bid' to keep branches after Santander deal collapses | Business Scotland | Scoop.it
Royal Bank of Scotland is considering asking Brussels to let it keep the 316 branches it was ordered to sell under state aid rules, following Santander’s decision to pull out of the £1.65bn deal on Friday.
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RBS drive targets mid-sized firms

Taxpayer-backed Royal Bank of Scotland (RBS) has announced that it will use a Bank of England scheme to provide cheaper funds to UK manufacturers.
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RBS should be nationalised, says Lord McFall

RBS should be nationalised, says Lord McFall | Business Scotland | Scoop.it
LORD McFALL said the stricken institution would be more secure now if the Government had taken complete control from the start.
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Royal Bank of Scotland Is Sending Jobs to India | Money Avenue Finance News

Royal Bank of Scotland Is Sending Jobs to India | Money Avenue Finance News | Business Scotland | Scoop.it
Earlier, we have already reported that one of the leading UK banks, Royal Bank of Scotland (that owns NatWest and Ulster Bank) is axing jobs.Now, it has been revealed...
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RBS cancels hospitality at Wimbledon after IT crisis - Top stories - Scotsman.com

RBS cancels hospitality at Wimbledon after IT crisis - Top stories - Scotsman.com | Business Scotland | Scoop.it
THE Royal Bank of Scotland has cancelled its corporate hospitality at Wimbledon and scrapped a one-day golf tournament as it tries to re-establish normal service after the IT meltdown which left customers unable to access their cash.
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RBS to boost PPI compensation fund: report

LONDON: Royal Bank of Scotland is set to announce on Friday that it will set aside a further 125 million pound ($202.55 million) to cover compensation for mis-selling loan insurance, a person familiar...
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UK 'in RBS talks with Abu Dhabi'

UK 'in RBS talks with Abu Dhabi' | Business Scotland | Scoop.it
The government is in talks to sell up to a third of its stake in Royal Bank of Scotland to Abu Dhabi, the BBC learns.
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Darling lays into Salmond over his RBS judgment | Herald Scotland

Darling lays into Salmond over his RBS judgment | Herald Scotland | Business Scotland | Scoop.it

Alistair Darling has claimed Alex Salmond was a "complete fool" if he thought the Royal Bank of Scotland's takeover of ABN Amro was good for Scotland.

 

The former Labour Chancellor, speaking before an appearance at the Aye Write! literary festival in Glasgow, said the First Minister was an exceptional politician but should not be hyped as "infallible".

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RBS: Blow for Cameron as sell-off put back

RBS: Blow for Cameron as sell-off put back | Business Scotland | Scoop.it
DAVID Cameron was dealt a blow last night when his Chancellor admitted it was “unlikely” that Royal Bank of Scotland (RBS) would be back in private hands before the 2015 General Election.
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RBS boss steps down with resignation package worth £5.6 million

RBS boss steps down with resignation package worth £5.6 million | Business Scotland | Scoop.it

RBS chief executive Stephen Hester has resigned from the troubled bank with a resignation pay-off worth £1.6 million in cash and benefits and £4 million in shares, as the bank prepares to announce a further round of redundancies.


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RBS leaves toxic assets scheme

RBS leaves toxic assets scheme | Business Scotland | Scoop.it
Royal Bank of Scotland (RBS) moves a step closer to being a private company by withdrawing from a government scheme that insures the bank's riskiest assets.
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RBS bank branch sale collapses

RBS bank branch sale collapses | Business Scotland | Scoop.it
Royal Bank of Scotland's proposed sale of 316 branches and other interests to Santander has collapsed, with complications over integrating the two IT systems a major factor.
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Royal Bank of Scotland ‘Start lending or we’ll take over’: Vince Cable in … | Free Scotland

Royal Bank of Scotland ‘Start lending or we’ll take over’: Vince Cable in … | Free Scotland | Business Scotland | Scoop.it

Defiant Business Secretary Vince Cable is pressing ahead with his idea of nationalising Royal Bank of Scotland to revive the economy.

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RBS could face Libor fines, admits Hester

RBS could face Libor fines, admits Hester | Business Scotland | Scoop.it
The Royal Bank of Scotland's chief executive, Stephen Hester, warned yesterday that the bank could face fines rivalling those Barclays was forced to pay in the wake of the rate-fixing scandal.
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RBS facing £150m fine in Libor scandal

ROYAL Bank of Scotland could face a hefty fine from the same interest rate rigging scandal that has hammered Barclays this week and left its boss Bob Diamond fighting for his job.
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CBA executive Ross McEwan resigns, takes Royal Bank of Scotland role

CBA executive Ross McEwan resigns, takes Royal Bank of Scotland role | Business Scotland | Scoop.it
THE Commonwealth Bank's retail banking services group executive Ross McEwan has resigned to take up a senior role with the Royal Bank of Scotland.
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RBS looks to sell green-belt land and build global business hub - Scotland - Scotsman.com

RBS looks to sell green-belt land and build global business hub - Scotland - Scotsman.com | Business Scotland | Scoop.it
ROYAL Bank of Scotland wants a huge swathe of green belt around its global headquarters in Edinburgh to be released for housing and new office developments, The Scotsman has learned.
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Ex-RBS chief Fred Goodwin & his cronies facing £2.4bn court battle for misleading investors over shares - The Daily Record

Ex-RBS chief Fred Goodwin & his cronies facing £2.4bn court battle for misleading investors over shares - The Daily Record | Business Scotland | Scoop.it
SHAMED banker Fred Goodwin and his former Royal Bank of Scotland sidekicks are being sued for at least £2.4billion.
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