Search Results for: Royal Bank of Scotland
RBS and Lloyds scrape through BoE stress tests as Co-op fails
December 16th, 2014
Royal Bank of Scotland (RBS) and Lloyds Banking Group scraped through the Bank of England’s stress tests with only Co-op of the eight institutions under scrutiny failing to meet the capital requirements. Although RBS and Lloyds were deemed ‘susceptible ...
UK hands fraud agency all funds needed for forex probe
November 14th, 2014
Britain’s finance ministry will hand the country’s anti-fraud agency all the funds it needs to conduct a criminal investigation into alleged rigging of the $5.3 trillion-a-day currency market, a Treasury source said. Finance minister George Osborne has written to ...
RBS Leans Towards Naming EY As New Auditor
October 31st, 2014
Royal Bank of Scotland (RBS) is leaning towards appointing the smallest of the big four accountancy firms as its new auditor, a move that would spell the end of its relationship with Fred Goodwin’s erstwhile employer. RBS is closing ...
RBS Returns to Profit, Sets Aside $639 Million for FX Probe
October 31st, 2014
Royal Bank of Scotland Group Plc (RBS), Britain’s largest taxpayer-owned lender, had third-quarter profit that beat analyst estimates even as it set aside 400 million pounds ($639 million) for a currency rigging probe. The bank posted net income of ...
EU to fine JPMorgan, UBS, Credit Suisse over Swiss franc Libor rigging
October 21st, 2014
European Union antitrust regulators are set to fine JPMorgan (JPM.N), UBS (UBSN.VX) and Credit Suisse (CSGN.VX) collectively over $115 million for rigging Swiss franc Libor benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of ...
RBS warns Scottish ‘yes’ vote would materially impact business
August 1st, 2014
Royal Bank of Scotland (RBS.L) said on Friday that a vote by Scotland to become independent from the rest of the United Kingdom could significantly increase its costs and have a material impact on its business. RBS, which is ...
