Sunday, October 17, 2021

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Gavin Finch

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RBS gains after report that Sumitomo Mitsui may bid for Citizens

LONDON - Royal Bank of Scotland Group PLC rose in London trading after the Wall Street Journal reported that Sumitomo Mitsui Financial Group Inc....
ROYAL BANK OF SCOTLAND Group PLC reported a $15 billion loss in 2013, widening the net loss from $6.1 billion pounds in 2012. / BLOOMBERG FILE PHOTO/MATTHEW LLOYD

RBS posts biggest loss since 2008 as McEwan begins overhaul

LONDON – Royal Bank of Scotland Group PLC posted the biggest full-year loss since its bailout in 2008 as CEO Ross McEwan outlined plans...

RBS says no big job cuts coming as investment bank to...

LONDON – Royal Bank of Scotland Group PLC CEO Ross McEwan moved to reassure employees that there will be “no big announcement” on job...
MOODY'S INVESTORS SERVICE may downgrade Royal Bank of Scotland as a result of the bank saying that full-year results would be affected by extraordinary charges and costs. / BLOOMBERG FILE PHOTO/SIMON DAWSON

RBS rating may be cut by Moody’s on weakening capital position

LONDON - Royal Bank of Scotland Group PLC’s credit rating may be downgraded by Moody’s Investors Service after the bank said last month that...

RBS denies executives bonuses after $5.1 billion provision

LONDON – Royal Bank of Scotland Group PLC set aside a further 3.1 billion pounds ($5.1 billion) to cover legal and compensation claims as...
THE ROYAL BANK OF SCOTLAND, parent of U.S. Citizens Financial Group Inc., has named Rory Cullinan head of the new division that will house a $61 billion bad bank and oversee the upcoming Citizens IPO. / BLOOMBERG FILE PHOTO/KELVIN MA

RBS names Rory Cullinan head of bad bank, handling Citizens IPO

LONDON – Royal Bank of Scotland Group PLC named Rory Cullinan head of a new division that will house the firm’s bad bank and...
NATHAN BOSTOCK, chief financial officer of Royal Bank of Scotland Group Plc, will resign after only two months in the position to return to Banco Santander SA's U.K. unit. His departure comes six months after RBS CEO Stephen Hester announced his resignation. / BLOOMBERG FILE PHOTO/SIMON DAWSON

RBS CFO Bostock resigns after two months to join Santander

LONDON – Royal Bank of Scotland Group PLC said Nathan Bostock resigned two months after becoming chief financial officer as Britain’s biggest government-owned lender...

RBS said in negotiations to sell $402M WorldPay stake

LONDON – Royal Bank of Scotland Group Plc is in talks to sell its minority stake in credit-card processor WorldPay Ltd. to its private-equity...

RBS to create $61 billion bad bank, accelerate Citizens sale

(Updated, 9:53 a.m.) LONDON – Royal Bank of Scotland Group Plc expects to post a “substantial” full-year loss after transferring 38.3 billion pounds ($61 billion)...
MOODY'S INVESTORS SERVICES has put Royal Bank of Scotland Group PLC on review for a downgrade as the British government considers a breakup of the bailed-out lender.  / BLOOMBERG FILE PHOTO/MATTHEW LLOYD

Moody’s puts RBS on review for downgrade as Osborne weighs split

LONDON - Royal Bank of Scotland Group PLC’s credit rating was put on review for downgrade by Moody’s Investors Service, which cited the government’s...

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