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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 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, other large U.K. banks cut employment to 2004 low
LONDON - Britain’s four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing...
RBS loss widened in 2012 on swaps, PPI redress provisions
LONDON - Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, posted a wider full-year loss after it set aside an additional 1.1...
RBS CEO expects to pay over Libor manipulation
LONDON - Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, said it expects to pay a fine in the coming months to...
U.K. banks forced to deepen job cuts
LONDON - Britain’s banks will need to cut expenses further and eliminate more jobs to improve profitability and tackle the additional cost of regulation,...
RBS may consider Citizens unit sale
LONDON - Royal Bank of Scotland Group Plc, Britain’s biggest government-owned bank, may consider selling Citizens Financial Group Inc., a U.S. unit, after Chancellor...
HSBC to cut 30,000 jobs worldwide by end 2013 to cut...
LONDON - HSBC Holdings Plc, Europe’s largest bank, plans to cut 30,000 jobs by the end of 2013, about 10 percent of the total,...
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