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RBS to speed up investment bank break up

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Royal Bank of Scotland said it would speed the breakup of its investment bank after the division’s losses ballooned, and predicted the division would shrink to near-insignificance as early as 2017.

RBS posts unexpected profit

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Royal Bank of Scotland unexpectedly posted a second-quarter profit as the British government prepares to reduce its stake in the lender, even as it set aside more money for litigation and restructuring.

People News: Barclays, Royal Bank of Scotland

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Barclays has hired Reinhard Koester as a managing director covering specialty finance companies in the United States, according to people familiar with the matter who asked not to be identified because the appointment is not yet public.

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RBS to speed up investment bank break up

Royal Bank of Scotland said it would speed the breakup of its investment bank after the division’s losses ballooned, and predicted the division would shrink to near-insignificance as early as 2017.

RBS building

RBS posts unexpected profit

Royal Bank of Scotland unexpectedly posted a second-quarter profit as the British government prepares to reduce its stake in the lender, even as it set aside more money for litigation and restructuring.

Departure

RBS deputy CEO leaves bank

Royal Bank of Scotland’s Chris Sullivan, the deputy chief executive officer whose evidence to Parliament was criticized by legislators, has left the bank.

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RBS to speed up investment bank break up

Royal Bank of Scotland said it would speed the breakup of its investment bank after the division’s losses ballooned, and predicted the division would shrink to near-insignificance as early as 2017.

RBS building

RBS posts unexpected profit

Royal Bank of Scotland unexpectedly posted a second-quarter profit as the British government prepares to reduce its stake in the lender, even as it set aside more money for litigation and restructuring.