European Commission revealed on Thursday it fined UBS Group AG, Barclays plc, Royal Bank of Scotland plc, HSBC Holdings plc, and Credit Suisse Group AG €344 million over their collusion and coordination in the foreign exchange spot trading market that violated EU rules.
The first four banks...
The Royal Bank of Scotland announced on Friday that its diluted earnings per share (EPS) amounted to £2.4 in the first fiscal quarter of 2020, dropping 58% on an annual basis, while its operating profit declined by 48.8% year-over-year to £519 million over the same three-month period.
Meanwhile,...
The Royal Bank of Scotland (RBS) announced on Friday its operating profit in fourth quarter of fiscal 2019 stood at £1.55 billion, up 171% compared to the same period last year. The cost-income ratio fell by 20.1 points to 59.4% at the same time. The bank's profit grew 393% year-over-year to £1.40...
Shares of British lenders Lloyds Banking Group and Royal Bank of Scotland (RBS) dropped during trade on Tuesday on the London Stock exchange despite both banks passing the Bank of England's stress tests.
The central bank announced it's raising the capital buffer for major lenders in the...
The Royal Bank of Scotland (RBS) announced on Thursday its operating loss for the third quarter of 2019 stood at £8 million, down from a profit of £969 million year-on-year. Loss per share amounted to 2.6 pence while 12 months before earnings per share stood at 3.7 pence.
The bank dropped in...
Royal Bank of Scotland Group plc (RBS) announced on Friday that Alison Rose has been appointed as the lender's new CEO. Rose, who currently holds the positions of deputy CEO at NatWest Holdings and CEO of commercial and private banking at RBS, assumes the role on November 1 after Ross...
The Royal Bank of Scotland (RBS) said on Friday its operating profit before tax amounted to £1.68 billion, marking an improvement of 174.25% year-over-year. Half-year figure was £2.69 billion, improving from £1.83 billion in the first six months of 2018, the report showed.
Meanwhile, earnings...
The Royal Bank of Scotland (RBS) is looking to acquire Tesco Bank's £3.7 billion book of mortgages, Sky News reported on Friday.
The state-backed RBS is one of the bidders for the supermarket's home-loan portfolio which the company decided to sell last month as it looks to exit the United Kingdom's...
The Swiss Competition Commission (WEKO) will fine four major banks $91 million for creating a cartel to manipulate currencies to their own advantage, the Financial Times reported on Thursday.
Barclays, JP Morgan, Citigroup and the Royal Bank of Scotland allegedly traded without disclosing all...
Future financial penalties, related litigation risks and collateral consequences remain uncertain and may be material, Royal Bank of Scotland Group Plc warned on Thursday after it was slapped by a fine among a group of peers by the European Commission. The British government-owned lender...
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