Thursday, 27 January 2022

Tag Archives: RBS

RBS investors call on new boss Rose to shrink NatWest Markets

MANCHESTER: With weeks to go until Alison Rose takes over as CEO of Royal Bank of Scotland, shareholders are demanding a shake-up of the state-backed lender, with cuts to its minnow investment bank topping their agenda. Rose’s predecessor Ross McEwan said NatWest Markets was worth keeping for its ability to ...

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RBS unveils 1.7 billion pound dividend

LONDON: Royal Bank of Scotland on Friday announced a 1.7 billion pound ($2.06 billion) dividend, but warned a tough economic environment will curtail its profitability over the next 18 months. The state-backed lender posted stronger-than-expected half-year pretax profits of 2.7 billion pounds, above forecasts of 2.3 billion pounds according to ...

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RBS loses $3.6bn in market cap as shares sink 10pc

LONDON: A sell-off across Britain’s financial markets wiped 2.84 billion pounds ($3.6 billion) off Royal Bank of Scotland’s market capitalisation on Thursday after its shares sank 10 percent, according to Reuters calculations. The bank ended the day with a market capitalisation of about 27.01 billion pounds, down 9.5 percent from ...

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RBS pays first dividend in decade

LONDON: Britain’s Royal Bank of Scotland paid its first dividend in a decade, returning 2 pence per share to around 190,000 shareholders who haven’t seen a payout since RBS’s government bailout in 2008. The bank has spent the past ten years trying to return to its roots as a prudent ...

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Scottish lawmakers to pressure RBS to stop branch closures

EDINBURGH: Scottish lawmakers will debate a motion calling for Royal Bank of Scotland (RBS.L) to halt planned cuts to its branch network, which opponents say will damage the remote communities they are meant to serve. The Edinburgh-based bank, which has been owned by the British government since being rescued during ...

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RBS Government stake sell-off to restart within 18 months

MANCHESTER: The Government is dusting off plans to re-privatise taxpayer-backed Royal Bank of Scotland with the aim of selling £15 billion of its shares by 2023. It plans to restart share sales in RBS by the end of the 2018-19 financial year and sell off £3 billion a year over five years – around ...

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RBS settles probe into toxic mortgages

Royal Bank of Scotland is to pay £4.2bn to settle claims it mis-sold billions of dollars-worth of toxic mortgage-backed bonds to Fannie Mae and Freddie Mac in the run-up to the financial crisis. In a long-awaited deal that helps RBS move on from its troubled past, the lender agreed to ...

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Shareholders settle multimillion-pound claim against RBS

LONDON: Shareholders who brought a multimillion-pound High Court action against Royal Bank of Scotland (RBS) have settled their claim against the lender, sources have said. The RBS Shareholder Action Group, which brought the £700 million lawsuit and represents 9,000 retail investors and 18 institutions, is understood to have informed the judge that ...

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UK govt proposes new plan to EU for bailed-out bank RBS

LONDON: The British government proposed plans for the bailed-out Royal Bank of Scotland to fund initiatives worth £750 million (S$1.3 billion) to improve competition in the sector, in order to meet its rescue conditions. The bank, 73 per cent owned by the government, has made four of the five major ...

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RBS, Barclays and other banks fined in Swiss franc Libor case

LONDON: Royal Bank of Scotland and Barclays are among banks hit with SFr99m (£78m) of fines by the Swiss competition regulator for operating four separate cartels, as the international fallout from the Libor rate-rigging scandal spreads. The two British lenders were hit with a combined £37m in fines, while HSBC, ...

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