All Entries Tagged With: "RBS"

RBS chief executive told he is paid to much by parents

Royal Bank of Scotland chief executive Stephen Hester told parliament that even his parents believed that he was overpaid. Hester was answering questions put to him by the Treasury Select Committee of MPs.

RBS Third Quarter Loss £3.3 Billion: Bad Loans and Writedowns

Britain’s largest government controlled bank the Royal Bank of Scotland Group Plc (LON:RBS), have announced a third quarter loss after £3.3 billion ($5.5 billion) of provisions for bad loans and credit-market write downs.

RBS: Citizens Bank Won’t Be Sold

Citizens Bank will not be sold off, as European regulators spared the company from a possible forced sale tied to the breakup of the Royal Bank of Scotland (LON:RBS).

Government rules doesn’t stop cash payout

It seems that despite the bank’s promise to only pay rewards in shares, hundreds of Royal Bank of Scotland (LON:RBS) top traders could walk away with huge cash bonuses next summer.

RBS plans to hire advisers for Asset Management

Royal Bank of Scotland (LON:RBS) are said to be hiring advisers to help offload RBS Asset Management, this is the bank’s fund unit that invests on behalf of clients of its private banking subsidiary, Coutts.

Royal Bank Of Scotland (RBS) News: Trading Update

Royal Bank of Scotland (LON:RBS) has made a small first-quarter loss, as the part-nationalised lenders bad debts quadrupled. RBS has now taken another 2.1 billion pound ($3.2 billion) writedown on risky assets. The first quarter loss was £44 million; compare that to a £479 million profit a year ago.

News on Royal Bank of Scotland's (RBS) exit from Asia

Royal Bank of Scotland (RBS) (LON:RBS) thought that its exit from its Asia operations would help to save the ailing bank money, but it seems that this move could actually be less lucrative and more time consuming.

Government's stake in RBS now 70 per cent

The UK government has now raised its stake in RBS (Royal Bank of Scotland) (LON:RBS) to 70 per cent. The comes after the bank has completed a swap of preference shares which was held by the government for ordinary shares.

RBS forces construction company collapse: 500 jobs lost

RBS (Royal Bank of Scotland), (LON:RBS) have been blamed for the collapse of construction company, Wrekin. The company has been forced to lay off 500 workers after RBS demanded that Wrekin repay its £2.8 million overdraft.

RBS Chief’s £1.6 Million Pension: Taxpayer’s Foot Bill

If you thought the size of Sir Fred Goodwin’s £703,000 pension was big, then think again. Royal Bank of Scotland (RBS) (LON:RBS) chief, Larry Fish’s is to receive £1.6million, that is more than twice the amount of Sir Fred’s.

Royal Bank of Scotland (RBS) plans to leave up to 36 countries

With all the financial troubles facing Royal Bank of Scotland (RBS) (LON:RBS), it was only a matter of time before they started to close branches. The bank has decided that more drastic action is needed, which is why they plan to leave up to 36 countries.

RBS & NatWest reduce SVR Mortgage by 0.25% not full 0.5%

RBS (LON:RBS) and NatWest have announced that they are to reduce the rate of their SVR (Standard Variable Rate) mortgage by just 0.25%. This means that they will not pass on the full cut in the Bank of England’s base rate of 0.5%.

RBS pension row forces Sir Fred Goodwin to leave UK

It has been reported that Sir Fred Goodwin, the former RBS (LON:RBS) chief executive is planning on leaving the UK and moving abroad for a few months. Goodwin it seems cannot take the pressure of the current protests of his £16.9 million pension fund.

Goodwin's RBS pension row heats up: McKillop and Scott in lawsuit threat

UK Financial Investments, who helps to manage the Government’s bank stakes, are thinking of taking legal action against Sir Tom McKillop, the former chairman of Royal Bank of Scotland (LON:RBS), as well as independent director Bob Scott for approving the £8 million pension top-up for Sir Fred Goodwin.

RBS reports biggest annual loss in UK corporate history

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Royal Bank of Scotland Group PLC (RBS.L) has reported the biggest annual loss in UK corporate history. RBS have reported losses of £24.1 billion for 2008, the current record annual loss is £14.9bn.RBS have also announced plans of placing £325 billion in assets into a state insurance scheme.