Search Results for: RBS
FCA warns that RBS Bourse is not authorised in UK
April 25th, 2016
FCA has issued a warning to inform investors and public regarding a firm that FCA believes that has been providing financial services or products in the UK without the FCA’s authorisation. FCA warns that the below firm is not authorised ...
HSBC, RBS and Barclays plan to close 400 branches
April 7th, 2016
Three of Britain’s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank. The ...
RBS to cut almost 450 investment banking jobs in UK
March 16th, 2016
Bank announces layoffs, adding that two-thirds of lost roles will move offshore to its operation in India Royal Bank of Scotland is cutting 448 investment banking jobs in the UK, moving two-thirds of them to India. The bank, 73% of ...
RBS Plummets as Bank Pushes Out Dividend After Annual Losses
February 26th, 2016
Bank says payouts likely later than first quarter of 2017 Misconduct charges drove 1.98 billion-pound annual loss Royal Bank of Scotland Group Plc said it would take longer than originally planned to resume shareholder payouts after reporting its eighth ...
RBS partners with New Change to deliver independent TCA FX tool
January 19th, 2016
The Royal Bank of Scotland plc (“RBS”) has chosen New Change Currency Consultants Limited (“NCFX”) to deliver an independent way for large corporate and financial institution customers to measure “slippage” and run a portfolio analysis of their currencies trades ...
Law firms win pay battle with RBS as Clifford Chance, Linklaters and Allen & Overy reappointed
January 12th, 2016
The tug of war between The Royal Bank of Scotland and its go-to law firms over a proposed pay freeze ended in victory for the lawyers, as Magic Circle firms Clifford Chance (CC), Linklaters and Allen & Overy (A&O) won appointments to the bank’s legal ...
RBS closes Luxembourg deal with BlackFin
January 5th, 2016
RBS (Luxembourg), formerly part of the UK’s Royal Bank of Scotland group, has been renamed FundRock Management Company as the sale of it to private equity firm, BlackFin Capital Partners, closes. Royal Bank of Scotland’s trustee and depositary business established RBS ...
CCI approves acquisition of RBS India wealth management biz by Sanctum Wealth
December 30th, 2015
Royal Bank of Scotland (RBS), in September, signed an agreement to transfer the India private banking operations to Sanctum Wealth Management. Fair trade regulator Competition Commission of India (CCI) has approved the acquisition of Royal Bank of Scotland Group’s ...
NBG absorbs Cooperative Bank of the Peloponnese
December 21st, 2015
The Cooperative Bank of the Peloponnese is heading toward a split between a “good” and “bad bank” as it is the only cooperative lender to have failed to cover its capital requirements. Its healthy side will be passed on ...
RBS pays €23.8m to settle tax evasion inquiry into Coutts’ Swiss operation
December 10th, 2015
Settlement with German prosecutors, which involves immunity for any current for former staff, is latest embarrassment for bailed-out bank Royal Bank of Scotland is paying €23.8m (£17.3m) to German prosecutors to settle an investigation into tax evasion by part of ...
