Royal Bank of Scotland is to pay $1.1bn (£846m) to a US regulator to resolve allegations it missold mortgage bonds to credit unions in the run up to the 2008 banking crisis.
RBS Global Banking & Markets delivers financing, risk management and investment services to corporations, governments and financial institutions around the world.
It has moody black and white images and a poetic voiceover with a social message. The words “we are blind” accompany images of a crowd walking past a woman sitting in a doorway. Few would guess, when the images are screened in an interval of Sunday’s X Factor, that they are an advert for NatWest bank.
The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it off during a worsening downturn across the freight industry.
Shares in Deutsche Bank, Germany’s largest bank, took a dive after news that the institution faces a $14bn (£10.5bn) charge over mis-selling mortgage securities in the US.
Most banks fight tooth and nail to hang onto clients, but one industry player has a very good reason for telling a certain group of customers they need to find somewhere else.
At an English country mansion last month, lawyers for Royal Bank of Scotland (RBS) sat down with representatives of angry shareholders to broker an end to what may end up being the costliest case in British legal history.
The Royal Bank of Scotland (RBS) is to start charging some of its top corporate clients to hold cash with the bank.
The chair of the Treasury Select Committee has today written to the National Audit Office, seeking a swift review on previous advice given on the government's sale of RBS shares.
The Royal Bank of Scotland (RBS) will become a name of the past for the majority of people across the UK, its chief executive said yesterday.
European banks have pushed back profitability targets so many times, the dates are now more placeholders than deadlines.
Marjorie Strachan is Head of Inclusion at RBS and is responsible for driving the banking group’s diversity agenda. She is the subject of our latest 60 second interview.
Sad to report.
Sir David Walker is planning a clean sweep of Barclays’ board after he formally becomes chairman of the bank next week and is expected to oversee the replacement of some key executive positions.
RBS Securities Inc.
Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move has told Reuters.
Shari Noonan has resigned as a senior executive in Deutsche Bank's equities-trading department, according to a person familiar with the matter.
Citigroup has hired Kris Van Broekhoven from Deutsche Bank as global head of a new commodity-trade-financing unit.
A brutal series of cost-cutting measures and disposals.
Citigroup hired John 'Jay' Mann from Goldman Sachs Group Inc. as head of index trading within credit markets, according to two people briefed on the matter.
Scott Eichel, the global head of asset-backed products and credit trading for Royal Bank of Scotland's investment bank, has left unit.