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.
RBS Global Banking & Markets delivers financing, risk management and investment services to corporations, governments and financial institutions around the world.
Royal Bank of Scotland dismissed most of its team overseeing debt capital markets in central and eastern Europe, Middle East and Africa amid a review of operations outside the U.K., according to two people with knowledge of the matter.
The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation.
Alex Salmond has accused the Treasury of leaking market-sensitive information about the future of RBS in Scotland in a dirty tricks campaign to undermine the independence campaign.
It has been blindingly obvious for months that Royal Bank of Scotland and Lloyds would move to London if Scotand votes for independence.
Royal Bank of Scotland has drawn up plans to shift its head office from Scotland – where it has been based since 1727 – in the event that next week's referendum backs a break away from the rest of the UK.
Chancellor George Osborne wanted Royal Bank of Scotland to hurry up and get rid of Citizens, its US bank, and concentrate on being a UK-focused lender. Former chief executive Stephen Hester didn't want to rush the process and thought RBS's capital position would be better served by waiting for Citizens' value to recover.
Royal Bank of Scotland's US arm, Citizens, could be valued at more than $14bn (£8.5bn), the bailed-out bank has indicated, as it pushed the button on the sale of the business.
Banks seeking to circumvent the EU's cap on bonuses for top staff could face further action from European regulators, a senior official has warned.
Royal Bank of Scotland has hired headhunters to take on one of the toughest boardroom searches in Britain - recruiting the next chairman of the taxpayer-backed lender.
The Royal Bank of Scotland (RBS) plc has announced several appointments across its Asia Pacific(APAC) Equities business, a sign of its continued commitment to the growth of the Equities business in the region, including Randolf Clinton as Co-Head of Markets and Head of Equities, Australia.
Here's the latest on the 'movers and shakers' front.
Thomas Montag, President, Global Banking and Markets at Bank of America Merrill Lynch.
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.
Investors will get a little time to catch their breath after Friday's record-breaking Alibaba trading debut, but not too long.
Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester is reversing a decade of expansion led by former CEO Fred Goodwin that included $140bn of acquisitions.
And it's 3,500 more.
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.
Swiss private bank Julius Baer plans to cut between 660 and 880 jobs at Bank of America Merrill Lynch's overseas wealth management business as the integration of the newly acquired unit gets under way, a Swiss newspaper said on Sunday.
By Iain Martin