Royal Bank of Scotland is winding down a distressed-debt unit as it scales back its investment bank to revive profitability, according to three people familiar with the matter.
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Royal Bank of Scotland Chief Executive Officer Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance.
Britain's banks are braced for an inquiry into competition on the high street to be signalled on Friday when the competition watchdog reports on its latest views on the industry dominated by big four players.
JPMorgan hired UBS’s former China Chairman David Li to lead the Wall Street firm’s operations in the Asian nation.
UK taxpayers have paid almost £500,000 in legal fees to defend disgraced former bank boss Fred Goodwin in a case which has not even come to court yet.
Europe’s banks face a further $50bn of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley.
Royal Bank of Scotland was asked by investors suing over losses from a 2008 share sale to disclose details of probes by U.K. and U.S. regulators into its near-collapse and $78bn bailout.
Like its rivals in Britain, the Royal Bank of Scotland has been unable to escape criticism from shareholders over the amount of compensation that bankers are paid.
Wells Fargo Securities has announced that Matt Carter joins as managing director and head of International Debt Syndicate.
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.
It's the way he tells 'em!
Twenty two of the most progressive employers have been shortlisted for this year's Workingmums.co.uk Top Employer Awards.
The Chairman of the firm responsible for the UK taxpayers' stake in Lloyds and Royal Bank of Scotland says RBS could face further fines from regulators over sales linked to the US sub-prime mortgage crisis
A few Royal Bank of Scotland interns, it seems, were out for farewell drinks a couple of Fridays ago. And one naive chappie appears to have been landed with a £900 bar bill.
The Royal Bank of Scotland has been criticised for assisting firms in drawing-up controversial zero-hour contracts for workers.
A serious set of own-goals.
Many of these are incredible.
The Royal Bank of Scotland plc (“RBS”) has announced a key senior hire as part of its overall investment programme in Asia Pacific. Sherry Liu is joining RBS as Chairman and Chief Executive Officer of RBS in China.
The Royal Bank of Scotland plc ('RBS') is pleased to announce the appointment of AJ Davidson as Managing Director and Head of Hybrid Capital in London. He will have regional coverage responsibility for EMEA and APAC.
No less than 7 top firms have gone / are going through difficulties of one kind or another - and that's in addition to the 'normal' issues banks are having related to regulation, capital requirements and the malaise in fixed income.
Let's get this right.
Fears grow that the bank will be uncompetitive when it comes to pay.