Gavin Finch
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....
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...
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...
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...
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 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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