United Kingdom Chancellor of the Exchequer Rishi Sunak is expected to announce a modification to the Coronavirus Business Interruption Loan Scheme (CBILS), Sky News reported on Wednesday, citing unnamed insiders.
The report claims that Sunak will eliminate one of the features of the plan that...
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...
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...
Howard Davies, chairman of the Royal Bank of Scotland Group Plc, told shareholders on Thursday that "an internal and external search" is underway for the new chief executive. The media widely speculated Alison Rose, appointed deputy chief executive of ringfenced subsidiary NatWest Holdings, is...
Royal Bank of Scotland (RBS) announced on Thursday that its CEO Ross McEwan (pictured) resigned from his post with a 12-month notice. During that period, McEwan will continue to discharge his duties until his successor has been appointed.
"After over five and a half very rewarding years, and with...
Pending regulatory clearance and an agreement with the government of the United Kingdom, Royal Bank of Scotland Group Plc will reduce the state's majority stake further from 62.3%. Other shareholders overwhelmingly backed the plan at a general meeting on Wednesday to distribute £1.5 billion of...
The Royal Bank of Scotland Group Plc (RBS) reported on Friday its operating profit stood at £961 million in the third quarter of 2018, rising 10.3% on an annual level.
Earnings per share were 11.1p for the quarter ending September 30, down 1% year-over-year. The major lender also reported profit...
Royal Bank of Scotland Group plc announced on Friday that it made a dividend payment to ordinary shareholders for the first time in 10 years. The bank noted it paid 2 pence per share to some 190,000 shareholders, including the UK Government Investments (UKGI), bringing the total sum of payments...
Royal Bank of Scotland was fined $4.9 billion for misrepresenting mortgages it sold to investors in the run-up to the 2008 financial crisis, the United States Department of Justice said on Tuesday. The fine is the largest penalty imposed on a company for misconduct in the events that lead to the...
The Royal Bank of Scotland Group plc announced on Friday its total income for the fourth quarter of 2017 was £3.4 billion, marking an 8% decline from £3.7 billion recorded in the same period a year ago.
The Edinburgh-based bank's earnings per share in the quarter to June stood at 0.8 pence,...
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