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RBS To Axe Tens Of Thousands Of Jobs

Reuters | Posted 04.23.2014 | Business

* Job cuts include planned Citizens sale, UK branch sales * Investment bank may be folded into corporate arm * Governmen...

Thousands Of Shareholders Sue Bank

AP | Posted 06.03.2013 | Business

LONDON — Royal Bank of Scotland shareholders have filed a 4 billion pound ($6 billion) lawsuit against the company, claiming they were misled in...

Taxpayer-Owned Bank Gives CEO 'Modest' Pay With Huge Bonus

Reuters | Posted 02.12.2013 | Business

LONDON (Reuters) - Royal Bank of Scotland chairman Philip Hampton has defended the bonus due to be paid to chief executive Stephen Hester even though...

RBS Could Face Criminal Charges Over Libor

The Huffington Post | Mark Gongloff | Posted 01.29.2013 | Business

So maybe too-big-to-fail banks aren't too big to jail after all. At least, it is starting to look as if tiny, digestible chunks of big banks are po...

RBS Faces Criminal Libor Charges

The Huffington Post | Mark Gongloff | Posted 01.29.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Libor's Latest Victim: Employee Bonuses

Reuters | Posted 03.13.2013 | Business

LONDON, Jan 11 (Reuters) - Royal Bank of Scotland is preparing to slash bonuses for its investment bankers this year to help pay fines for its role ...

Bank Could Get Fined Twice For Libor Rigging

Reuters | Posted 11.25.2012 | Business

LONDON (Reuters) - Royal Bank of Scotland is facing the increasing likelihood of having to settle separately with the UK and U.S. authorities investig...

'RBS Would Love To Get It All Over And Done With'

Reuters | Posted 12.06.2012 | Business

* Deal now unlikely until late 2012/early 2013 - sources * Regulators at different stages of investigation - sources * B...

It's Not Just Libor That's Getting Rigged

Reuters | Posted 12.05.2012 | Business

* Trader Chong Wen Kuang suspended earlier in year - source * Suspension broadens scope of Libor investigation * RBS sai...

Libor Fraud Is Hilarious, Traders Say

The Huffington Post | Mark Gongloff | Posted 09.26.2012 | Business

Libor is a joke. Don't get me wrong, the London Interbank Offered Rate, or Libor, is deadly serious business, affecting $350 trillion in derivative...

Ex-RBS Trader: 'Anyone Can Change Libor'

Reuters | Posted 10.23.2012 | Business

By Rachel Armstrong SINGAPORE, Aug 23 (Reuters) - A former dealer for the Royal Bank of Scotland Group PLC has provided fresh details...

Another Bank May Have Illegally Done Business With Iran

Reuters | Posted 10.21.2012 | Business

Aug 21 (Reuters) - U.S. authorities are investigating Royal Bank of Scotland for possible violations of sanctions with Iran, the Financial Times rep...

Bank CEO: We're Going To Have Libor 'Spotlight' On Us Too

Reuters | Posted 09.28.2012 | Business

LONDON, July 29 (Reuters) - British bank RBS is braced to be punished over its role in the interest-rate rigging scandal that has rocked the industr...

Another Bank Set For Hefty Fine From Manipulation Scandal

Reuters | Posted 08.28.2012 | Business

* RBS faces 150 mln stg fine over Libor probe -report * Any resolution for RBS is "months away" -source * Barclays' Diam...

ATM Charity Donation Option To Be Added To 12,000 Machines In UK

Posted 05.09.2012 | Impact

Standing at the ATM, the choices are few -- receipt or no receipt, withdrawal or check balance. But for 12,000 machines in the U.K. there will be ...

U.S. Economy To Be 'Better Story' In Gloomy Global Economy

Posted 12.23.2011 | Business

The U.S. economy is gaining momentum and should push through next year with only a few bruises despite an almost certain European recession and sl...

A Lesson From the Brits on Bank Bailouts

Ted Kaufman | Posted 02.18.2012 | Business
Ted Kaufman

I have never quite been able to understand how the decision was made to fire Richard Wagoner at GM but not Vikram Pandit at Citibank. Is running a huge bank really more complex than running a huge automobile manufacturer?

Banks Still Adding Jobs In London, Despite Taxes

Bloomberg | Simon Clark, Ambereen Choudhury and Gavin Finch | Posted 05.25.2011 | Business

Investment banks in Europe's financial capital are adding jobs, helping to bolster headcounts at law and accounting firms across London, as the rest o...

The F Word: Harry Potter and the Bailed-Out Banks

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

While students in London spend hours in the cold protesting tuition fees, RBS, a bank that took a huge government bailout, throws a party commemorating Harry Potter. It'd be funny except it's exactly what just happened.

Private Banks Keep Hiring As World's Rich Get Richer

Posted 05.25.2011 | Business

LONDON - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing c...

Cloud Computing and SME Banking -- A Perfect Match

Brett King | Posted 05.25.2011 | Business
Brett King

The cloud is increasingly critical for SMEs not only for facilitating business, but also for enabling closer connections with partners, integrating shared services, and improving payments and cash flow.

'Chuck Prince' Is Going To Run This Bank (Into The Ground)

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The following is also posted on Johnson's blog, BaselineScenario.com. "Breaking up big banks would actually increase system risk" is a refrain heard f...

Goldman Sachs Fraud Case Is a Distraction From the Real Issue of Substantial Financial Reform

David Paul | Posted 05.25.2011 | Business
David Paul

The SEC charges against Goldman may or may not stick, but it should be clear to all that the system has gone badly awry and needs massive reform.

Dimon Said His Bear Stearns Sticky Bombs Are Worse Than Geithner's

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Taxpayer subsidized cheap funding and looser accounting standards have allowed our largest banks to keep their Dorian Gray financial pictures behind a curtain and out of public sight.

JPMorgan Buys RBS Sempra In Bid To Strengthen Its Commodities Business

Financial Times | Javier Blas | Posted 05.25.2011 | Business

JPMorgan said on Tuesday it had agreed to buy RBS Sempra Commodities' non-US assets for $1.7bn in cash in a deal that will challenge the dominance of ...