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Royal Bank Of Scotland (RBS) still has £600 million available to pay future successful PPI claims, according to figures published in their annual report.
9:38 am RBS
RBS share buy-back could cost taxpayer millions
A Royal Bank Of Scotland (RBS) plan to buy back more than £1 billion worth of its own shares from the government could mean the British taxpayer losing millions of pounds.
MPs question RBS change of culture
A Royal Bank Of Scotland (RBS) claim that it has changed its culture has been questioned by a group of top MPs as employees involved in what has become known as the GRG scandal are still working for the bank.
Rebuilding trust in RBS could take 10 years
Royal Bank Of Scotland (RBS) chief executive Ross McEwan has admitted it could take up to 10 years for the bank to restore trust in its reputation after it came joint bottom in a customer satisfaction survey.
RBS boss warns a bad Brexit could trigger a recession
One of Britain’s top bank bosses has warned that a bad Brexit could tip the country’s economy back into recession.
RBS to change its name?
Royal Bank Of Scotland (RBS) chairman Sir Howard Davies has revealed the bank is considering changing its name because of the ‘very serious’ reputational damage it has suffered since the financial crash of 2008.
Are smartphones taking over the banking business?
The number of consumers using their smartphones to run their bank accounts has soared in recent years.
Together with internet banking, they have been blamed by many of the high street banks for the need to close branches across the country as customers change the way they handle their money.Read More
RBS agrees $4.9 billion penalty to end US probe
RBS agrees $4.9 billion penalty to end US probe
Royal Bank Of Scotland (RBS) has agreed to pay a $4.9 billion (£3.61 billion) civil penalty to close a long-running investigation into their financial dealings in America in the lead-up to the financial crisis.
The size of the penalty came as a surprise to many experts who had predicted the final settlement would be much higher. RBS said it has already set aside $3.6 billion in anticipation of the size of the penalty.
RBS branch closures ‘difficult’ but necessary
RBS branch closures ‘difficult’ but necessary
Royal Bank of Scotland (RBS) boss Ross McEwan has defended the closure of 62 Scottish branches as ‘difficult’, but commercially necessary.
The closures are part of a larger 162 branch plan across the country, but Scottish MPs had demanded Mr McEwan appeared before them as many of the Scottish branches served isolated rural communities.
RBS to close 162 branches and cut 792 jobs
Just days after announcing a trebling of profits to £792 million in the first quarter of the year, Royal Bank Of Scotland (RBS) has announced it intends to close another 162 branches and cut 792 jobs.
Plans to set up a new challenger bank under the Williams & Glyn brand name have been scrapped, leaving the bank with two separate networks running side by side.Read More