IBTimes Australia : Royal Bank of Scotland Topic

UK Home Loan Advances Rise 4.2% In April

Fri, 24 May 2013 20:07:20 +1000

Banks and financial institutions sanctioned home loans worth £5bn in April, up from £4.8bn in March.

China Heads to Further Slowdown as Manufacturing Activity Contracts in May

Thu, 23 May 2013 14:56:48 +1000

Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.

State-backed banks gain approval for capital plans

Thu, 23 May 2013 03:21:03 +1000

State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading its shares.

IMF urges UK to spend more to fund investment

Thu, 23 May 2013 01:21:02 +1000

Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by chancellor George Osborne.

State-backed UK banks gain approval for capital plans

Wed, 22 May 2013 23:35:03 +1000

IMF urges Britain to do more to boost growth

Wed, 22 May 2013 21:14:03 +1000

The International Monetary Fund called on Britain's government on Wednesday to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment.

UK regulator says satisfied with Lloyds, RBS capital plans

Wed, 22 May 2013 20:28:02 +1000

Britain's financial regulator said it had finalized capital requirements for Royal Bank of Scotland and Lloyds Banking Group and was comfortable with their plans.

RBS says no need to issue contingent capital

Wed, 22 May 2013 20:21:02 +1000

Royal Bank of Scotland said on Wednesday it would not have to issue contingent capital to meet new regulatory demands and expects to meet the requirements through its existing business plan.

RBS to issue statement on capital position shortly - sources

Wed, 22 May 2013 17:42:02 +1000

Royal Bank of Scotland will issue a statement on its capital position later on Wednesday morning, sources familiar with the situation told Reuters.

German state to buy more bank data in tax clampdown

Tue, 21 May 2013 01:35:03 +1000

The German state of North-Rhine Westphalia may buy more secret Swiss bank data to clamp down on tax evaders even as politicians seek diplomatic ways to end bank secrecy, its finance minister said on Monday.

RBS and Natwest To Inject £150m Into Leisure Market

Mon, 20 May 2013 14:36:56 +1000

Banks launch fund despite facing mis-selling scandals to small business owners and mounting complaints from customers

Global Markets Overview - 20 May 2013

Mon, 20 May 2013 10:49:15 +1000

Stocks capped off another strong week with a broad rally, as a bigger-than-expected rise in consumer sentiment bolstered the view of an economy that is faring better than some had feared.

Shares in Lloyds hit government break-even price

Fri, 17 May 2013 20:49:02 +1000

Shares in state-backed Lloyds Banking Group on Friday rose above the level which the government regards as its break-even price following its 20.5 billion pound rescue of the bank, raising hopes a sale could be imminent.

Prospects improve for UK sale of Lloyds stake

Thu, 16 May 2013 21:49:03 +1000

The chances of Britain selling its stake in Lloyds improved during 2012 and the government should be able to start offloading its shares "over time", the bank's chairman told shareholders on Thursday.

Royal Bank of Scotland to cut 1,400 jobs in UK

Thu, 16 May 2013 21:28:01 +1000

Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalized bank said on Thursday.

RBS To Axe 1,400 Retail Jobs Over Two Years

Thu, 16 May 2013 21:17:01 +1000

RBS reveals job losses are a result of restructuring its Retail head office functions in the UK

Europe banks hesitate to join rush for new share capital

Thu, 16 May 2013 20:28:02 +1000

A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros (5 billion pounds)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.

Cameron 'open to ideas' for RBS stake disposal

Thu, 16 May 2013 07:42:05 +1000

Prime Minister David Cameron is "open to all ideas" for returning Royal Bank of Scotland to private ownership but its finances must improve first, he told reporters on the last day of a three-day visit to the United States.

Britain's Cameron 'open to ideas' for RBS stake disposal

Thu, 16 May 2013 07:42:05 +1000

Amazon cloud partner Apptio raises $45 million

Thu, 16 May 2013 05:21:02 +1000

Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including Janus Capital Group.

UK banks avoid investigation by competition authority

Wed, 15 May 2013 19:42:02 +1000

Britain's biggest banks received a boost on Wednesday when the consumer watchdog decided against recommending that the market for personal current accounts be investigated by the competition regulator.

After ATM heist, India's IT sector again in unwelcome spotlight

Wed, 15 May 2013 13:35:02 +1000

A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation.

RBS says 99 percent of investors approve pay resolution

Wed, 15 May 2013 02:00:04 +1000

Royal Bank of Scotland said 99.3 percent of shareholders who voted approved its remuneration report at its annual shareholder meeting on Tuesday.

Stephen Hester Profile: CEO Behind Transformation of RBS

Tue, 14 May 2013 21:59:41 +1000

As RBS holds its 2013 AGM, IBTimes UK takes a closer look at its chief executive

RBS’ Pot of Problems: Mis-Selling, Lawsuits and Compensation

Tue, 14 May 2013 17:36:09 +1000

From mis-selling, lawsuits, fines and technical failures, the bank has a long way to go, says Lianna Brinded

Libor Fixing Scandal: Barclays Wins US Lawsuit Dismissal

Tue, 14 May 2013 15:57:26 +1000

Bank, Bob Diamond and others win dismissal of shareholder lawsuit which claim investors lost money on rate rigging.

Barclays wins dismissal of U.S. shareholder lawsuit over Libor

Tue, 14 May 2013 07:28:01 +1000

Barclays Plc , the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the British bank's activity.

Co-op Bank rules out state help after capital warning

Sat, 11 May 2013 01:00:03 +1000

The Co-operative Bank ruled out government support on Friday, after a warning from ratings agency Moody's that it might need taxpayers' money to plug a capital shortfall prompted its chief executive to resign.

Huge cyber bank theft spans 27 countries

Fri, 10 May 2013 09:35:02 +1000

In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.

RBS promotes Bostock to be new finance director

Thu, 09 May 2013 23:42:02 +1000

State-backed Royal Bank of Scotland said Nathan Bostock is to become its finance director, replacing Bruce Van Saun, who will take charge of the bank's U.S. business, Citizens.