Royal Bank of Scotland faces a fine of tens of millions of pounds as early as this week over the collapse of its IT systems that locked millions of customers out of their accounts for days.
RBS Global Banking & Markets delivers financing, risk management and investment services to corporations, governments and financial institutions around the world.
What is it about internet chat rooms that causes Wall Street traders to incriminate themselves?
As the cost for rigging currency markets keeps rising, British banks can take cold comfort the costs are dwarfed by wrongfully sold insurance.
The chief executive of the Royal Bank of Scotland has said he 'cringed' when he saw copies of the chat room messages which talk of 'making free money' and 'keeping numpties out of the market'.
'Today is a stark reminder of the importance of culture and integrity in banking and we will rightly be judged on the strength of our response'.
About 80 families of US soldiers killed in Iraq together with several surviving military veterans who were wounded in roadside bombings are suing five European banks for damages on grounds that they allegedly siphoned money to Iran that was then used to finance the attacks.
Tullett Prebon has confirmed that the City watchdog is investigating its use of wash trades, or deals used purely to trigger a fee for the brokerage.
Royal Bank of Scotland is ditching the auditors that reviewed its accounts before, during and after its £45bn taxpayer bailout.
Royal Bank of Scotland (RBS ) made a total pre-tax profit of £1.27 billion ($2.03 billion) in the third quarter thanks to previously underperforming loans in Ireland being revalued.
After quitting as a senior currency trader at Royal Bank of Scotland a decade ago, Mark Warburton is chasing a new challenge: Premier League football manager.
RBS has today announced changes to its wholesale banking operations to ensure they continue to deliver against the Group’s strategy announced in 2009. The changes follow a review outlined at its Q3 2011 results, in light of a changed market and regulatory environment.
The prime brokerage unit of Bank of America Merrill Lynch has hired former Morgan Stanley executive Deepak Abraham as head of capital strategy in Asia Pacific, according to an internal memo seen by Reuters.
Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB) has made three new appointments to its Financial Institutions (FI) Structured Finance business, as it looks to continue to strengthen and develop its Speciality Finance team.
A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.
Here's the latest on the 'Movers & Shakers' front.
Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland, but will not get into a bidding war for the venerable British bank's overseas arm, a Swiss paper reported on Sunday.
Here's a little funny sent in by one of our readers.
Bad day at the office.
There are two classes of London bankers.
Investment Dealer's Digest have come up with a list of 40 bankers/traders under 40 who are making their marks in the financial markets. Here's the list:
Royal Bank of Scotland is erasing £800m of bad debt provisions because of a dramatic improvement in its Irish operations and other troublesome areas of its business.
Barclays, HSBC and bailed-out Royal Bank of Scotland are among 13 banks facing fraud allegations and a claim for $1.15bn (£700m) in damages in the US state of Virginia over the sale of mortgage bonds during the financial crisis.
Now you see it, now you don't.