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Royal Bank of Scotland

The Royal Bank Of Scotland Would Leave Scotland In Case Of Independence

AP | SYLVIA HUI | Posted 09.11.2014 | World

LONDON (AP) — In a blow to the Scottish independence campaign, top financial groups including the Royal Bank of Scotland and Lloyds Banking Group sa...

'There Is No Such Thing As Too Big To Jail'

Reuters | Posted 07.05.2014 | Business

(Adds background) By Aruna Viswanatha WASHINGTON, May 5 (Reuters) - The U.S. Justice Department is pursuing criminal in...

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...

Banks Fined $2.3 Billion For Market Rigging

Reuters | Posted 02.03.2014 | Business

BRUSSELS (Reuters) - EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record t...

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...

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 ...

UBS Unit Reportedly Close To Guilty Plea In Libor Scandal

Dealbook | BEN PROTESS AND MARK SCOTT | Posted 12.13.2012 | Business

Federal prosecutors are close to securing a guilty plea from a UBS subsidiary at the center of a global investigation into interest rate manipulation,...

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...

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...

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...

JPMorgan, Six Other Banks Subpoenaed Over Libor Scandal

AP | MICHAEL VIRTANEN | Posted 08.16.2012 | Business

ALBANY, N.Y. -- The attorneys general of New York and Connecticut have issued subpoenas to seven banks over the possible manipulation of a global inte...

'Ginormous' Libor Scandal: Bank Sues 16 Others Over Rate-Rigging

The Huffington Post | Alexander Eichler | Posted 07.30.2012 | Business

The Libor lawsuits keep piling up. Last week, New York-based Berkshire Bank filed a class-action suit against the 16 banks responsible for setting ...

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...

Bank Settles Lending Rate Manipulation Claims

Reuters | Posted 08.27.2012 | Business

* Largest fine ever imposed by CFTC, UK's FSA * Emails show traders asked for rates to be moved * U.S. g...

Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds

AP | Posted 07.21.2012 | Business

WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks ...

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 ...

DOJ Conducting Criminal Probe Involving World's Biggest Banks

Reuters | Posted 04.29.2012 | Business

(Adds background about Libor, investigations) By Carrick Mollenkamp NEW YORK, Feb 28 (Reuters) - The U.S. Justice Depar...

New York Fed Invites Banks To Bid For AIG's Mortgage Bonds

Reuters | Posted 04.07.2012 | Business

Feb 6 (Reuters) - The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the...

Disgraced Bank's Ex-CEO Stripped Of Knighthood

Reuters | Posted 04.01.2012 | Business

LONDON, Jan 31 (Reuters) - Britain took the rare step of stripping former Royal Bank of Scotland chief Fred Goodwin of his knighthoo...

Politicians, Unions Hail Big Bank CEO After He Refuses Bonus

AP | Posted 04.01.2012 | Business

LONDON — Britain's leaders, politicians and union leaders on Monday welcomed the decision by the chief executive of nationalized Royal Bank of S...

Bank CEO Turns Down Bonus Amid Criticism

AP | JILL LAWLESS | Posted 03.30.2012 | Business

LONDON — Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism ...

Bankers Look To 'Recommit' To 'Safety And Soundness' At Davos

Reuters | Posted 03.27.2012 | Business

By Alexander Smith DAVOS, Jan 26 (Reuters) - Bankers feel under siege, and from the heights of Davos in the Swiss Alps they are lookin...

Citigroup, Deutsche Bank Pay Big To Settle Claims They Misled Credit Unions

AP | Posted 01.14.2012 | Business

WASHINGTON — Citigroup Inc. and Deutsche Bank are agreeing to pay a total of $165.5 million to settle federal regulators' claims that they misle...