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
The Treasury are preparing to sell off the remaining Bradford & Bingley mortgages to try to recover the last portion of the £20 billion bailout cost from the financial crash of 2008.
Royal Bank Of Scotland (RBS) is working on secret plans to create a new stand-alone challenger bank to compete in the newly emerging digital banking market.
The new project will take RBS into the rapidly expanding fintech (financial technology) sector and put it in direct competition with the likes of Atom Bank, Tandem Bank, Metro Bank, Monzo and Revolut.Read More
Royal Bank Of Scotland (RBS) has been fined another £500 million (£359.7 million) by US authorities for its involvement in the mis-selling of mortgage-backed securities in the lead up to the financial crisis.
This time the settlement is with the state of New York and comes just three months after the bank agreed a $125 million payout to two large Californian pension funds who claimed their members lost millions of dollars.Read More
The Serious Fraud Office (SFO) has charged Barclays with ‘unlawful financial assistance’ relating to billions of pounds raised from Qatar at the time of the financial crisis.
It’s the second time the same charges have been brought against the bank in relation to financial deals with the Middle East country in 2008.Read More