All Entries Tagged With: "RBS"
RBS shares increase following non-core assets unit plans
Royal Bank of Scotland (RBS.L) have seen their shares increase by 15 per cent this morning, this is due to an expected announcement by RBS, that they are to create a new non-core division, this is where the bank’s unwanted assets will be placed.
RBS, Barclays, Abbey and HBOS dither to cut SVR
Royal Bank of Scotland (RBS), NatWest, Barclays (BARC.L), Santander owned (SAN.MC) Abbey and HBOS (HBOS.L) are still undecided if they will lower their Standard Variable Rates (SVR) after the Bank of England yesterday cut the base interest rate by 0.50 percent, however they all said that they will be passing
Royal Bank of Scotland (RBS) chief in talks over Bank of China
The new chief executive of Royal Bank of Scotland (RBS), Stephen Hester, is said to be discussing the sale of its £2 billion stake in the Bank of China, and taking his first steps to fix the troubled Edinburgh-based bank worldwide empire.
It’s been reported than Stephen Hester is currently in Beijing discussing the sale, RBS [...]
Royal Bank of Scotland & Nationwide Slash rates on variable savings
Royal Bank of Scotland (RBS) along with Nationwide, Alliance & Leicester, NatWest, Barclays (LON:BARC), Halifax, Lloyds TSB (LON:LLOY) and Abbey have all slashed the interest on the variable saving accounts, some by more than 1 percent according to moneyfacts.co.uk.
On some accounts rates have been slashed to just 0.1 percent at a time that many households
Royal Bank of Scotland: Halts sale of Churchill and Direct line
Royal Bank of Scotland (RBS) the troubled bailed out bank is likely to abandon the sale of its insurance operations thats worth £7 billion, which include the sale of the Churchill brand and Direct Line.
It’s rumored that Mervyn Davies, the chairman of Standard Chartered is set to work with new RBS Chief Executive Stephen Hester [...]
Royal Bank of Scotland (RBS) and HBOS: Verge of Collapse
Royal Bank of Scotland (RBS) and HBOS (LON:HBOS) were close to collapse in the second week in October, due to the British banking giants having difficulty getting short-term funding as the credit crunch swept around the world, according to the BBC program Panorama.
The authorities had said without the funding that both RBS and HBOS would [...]
RBS and NatWest launch new fixed rate mortgage deals
Royal Bank of Scotland (RBS) and subsidiary NatWest have launched new fixed rate mortgage deals on both 2 year and 3 year terms.
You will need a 75 percent Loan-to-Value (LTV) to qualify for a two year fixed rate deal of 4.85 percent, a reduction of 0.15 percent. This deal comes with a £999 administration
Royal Bank of Scotland (RBS) New Impartial Advice Service
Royal Bank of Scotland (RBS) is offering a new service to its customers guiding them with impartial financial advice on generic matters such as debt and budgeting, this comes as part of RBS MoneySense financial capability program.
The service will not be linked to the Royal Bank of Scotland
Royal Bank of Scotland: North West Survey
Royal Bank of Scotland (RBS) latest economic activity survey shows the North East is feeling the huge strains amid the economic down turn.
The latest data from RBS PMI Report from the North West shows a further slowdown during November, Job losses went up whilst new orders, output and outstanding work all tumbled at record
Royal Bank of Scotland and NatWest Mortgage Rate Update
Royal Bank of Scotland (RBS) and subsidiary NatWest have cut its Standard Variable Rate (SVR) by 0.75 percent to 4.44 percent from 5.19 percent, the changes will take effect from January 1 2009.
RBS reduced their SVR after last week’s base interest rate cut of 1 percent by the Bank of England Monetary Policy
Royal Bank of Scotland (RBS) accused of secretly changing customers overdrafts
Royal Bank of Scotland (RBS) has been under investigation regarding the secret changes it has made to customers accounts resulting in debts of almost £100,000.
The investigation revealed that RBS have been accused of changing customer’s accounts into personal loans and charging up to 80 percent interest, this comes just ten days
RBS/NatWest, Abbey and Northern Rock leave SVR above 5 percent
Royal Bank of Scotland (RBS) subsidiary NatWest along with Abbey and Bradford & Bingley have all kept their Standard Variable Rates (SVR) above 5 percent, almost 3 times the Bank of England base interest rate.
Two of the banks with the highest SVR are Northern Rock and Alliance & Leicester, they are charging borrowers 5.84 percent [...]
Royal Bank of Scotland Cuts Fixed Mortgage Rates
Royal Bank of Scotland (RBS) Intermediary Partners has announced reductions on its interest rate on its select two-year fixed rate mortgage deals.
If you have 25 percent deposit or 75 percent Loan to Value (LTV), First Active have reduced their online only product 2-year fixed from 5.55 percent to 5.20 percent with a £999 arrangement fee [...]
RBS and other main banks will own 75 percent of New Star
Royal Bank of Scotland (RBS) along with National Australia Bank (OTC:NABZY), Lloyds TSB (LON:LLOY), HSBC (LON:HSBA) and HBOS (LON:HBOS) will own 75 percent of New Star Asset Management (LON:NSAM) due to the retail investor-focused fund manager delisting from the London Stock Exchange so the company can pay down debt, under a restructuring agreement with its [...]
Royal Bank of Scotland (RBS): Agree to pass on the full cut
Royal Bank of Scotland (RBS) have said that they will pass the Bank of England full interest rate cut on to its small business customers, the 1 percent reduction will benefit over 1 million small business customers on variable rate overdrafts and loans.
RBS said that due to the Monetary Policy Committees 1 percent interest rate