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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 Royal Bank of Scotland (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 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.
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
Treasury to sell off remaining B&B mortgages
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.
Secret RBS plan to create a new stand-alone bank
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