Royal Bank of Scotland

RBS: Low-paid Workers Pay The Price For "Fat Cat" Banking Crisis

Another Green World (Free subscription) | yesterday

just had this from Jerry, thanks Jerry! Royal Bank of Scotland releases its quarterly results to the city after two shocking days for the workers where earlier this week RBS announced that 3,700 jobs are to be cut from UK branches. Whilst large areas of the business are to be separated and sold off, including insurance, card payments, and over 320 branches, with no guarantees for the jobs of the tens...

£4,350 Per Family to Bail Out Britain’s Banks

Connecting the Dots in the New World Order (Free subscription) | yesterday

The Chancellor confirmed that the Government would pump an extra £25.5 billion into Royal Bank of Scotland, and declared that it was the only way to keep the business alive. Taxpayers have poured a total of £53.5 billion into RBS, including the £20 billion part-nationalisation last year and another £8 billion that was set aside as insurance against further trouble in the future....

• £4,350 Per Family to Bail Out Britain’s Banks - Deep Politics Monitor
• Bank bailout: every family shouldering £4350 tax liability - The Telegraph

Royal Bank of Scotland and Lloyds to Possibly Be Broken Up

WOK3 (Free subscription) | 04/11/2009

Sort of makes you wonder why all the institutions over in the U.S. that were called “too big to fail” were not broken up as well. From Arab-Online: Britain is to force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will support them with 30 billion pounds, the [...]

Lloyds, Royal Bank of Scotland to sell assets

Hindu (Free subscription) | 03/11/2009

LONDON: Bailed out British banking majors Lloyds Banking Group and the Royal Bank of Scotland have agreed to sell part of their businesses, a move that will bring down their dependence on taxpayers’ money. The British government ...

Consumers wary of supermarket banks

Banking Times: Daily Banking News (Free subscription) | yesterday

Government plans to break up Royal Bank of Scotland and Lloyds Banking Group and create three new High Street banking chains have yet to stand the test of public opinion. Chancellor of the Exchequer Alistair Darling has made it clear that the owners of the new banks must be relative newcomers to UK financial services sector [...]

Restructuring banks: The living dead

The Economist (Free subscription) | yesterday

Europe has raced ahead of America in dealing with its dud banks. But there is more work to be done IN FILMS zombies are dealt with using anything from automatic weapons to kitchen implements. In banking few countries seem to have the guts to tackle their walking dead. An unlikely figure, however, is now waving a frying pan at them: Europe’s competition commissioner, Neelie Kroes. While national...

New banking measures: Chipped, not broken

The Economist (Free subscription) | yesterday

The latest chapter in the banking rescue is less novel than it seems JUST over a year ago, as Britain’s banking system suffered a near-death experience, the government resuscitated it with an emergency infusion of capital. This week Alistair Darling pumped in yet more money, leading to accusations that policy failures had brought about another big bail-out. The chancellor of the exchequer, for...

Europe vs. the Mammoths

Truth Out (Free subscription) | yesterday

Yesterday, the City of London experienced a "new Big Bang," that wave of financial deregulation initiated by Margaret Thatcher, who allowed the British capital to impose itself as the world's premier financial center. This shock is of an entirely different character. The British want to see the series of announcements yesterday as the last act in the 2008 financial crisis. Two big banks,...

Europe's troubled banks: The muscles from Brussels

The Economist (Free subscription) | yesterday

Decisive action on zombie banks from…the European Commission NEELIE KROES has, according to one analyst in London, “cut through all the bullshit”. Europe’s competition commissioner has trod where national regulators dare not, by imposing harsh penalties on the banks that received the biggest bail-outs in Europe. On November 3rd Britain’s two monsters, Royal Bank of Scotland...

Lloyds Banking Group Better Positioned to Recover than RBS

SeekingAlpha.com (Free subscription) | yesterday

Research Recap submits: It looks like Royal Bank of Scotland Group ( RBS ) drew the short straw in the UK government’s latest shakeup of the UK banking sector. As DealBook reported, RBS agreed to sell its insurance business and some bank branches in England, Wales and Scotland to meet European competition rules on accepting state aid. The bank, which is already majority-owned by the British...

Bonus-ban bankers keen to jump ship

New Zealand Herald (Free subscription) | yesterday

LONDON - Royal Bank of Scotland boss Stephen Hester yesterday insisted that staff would enjoy "a significantly improved position" in terms of bonuses compared with last year, as headhunters reported a deluge of calls.Hester wrote...

FTSE 100 weaker as QE decision looms

Arts Alerts (Free subscription) | yesterday

News Alert 5 November 2009 Company: Royal Bank of Scotland Group PLC (RBS:LSE) Frequency: Immediately November 05, 8:45am FTSE 100 weaker as QE decision looms London equities weakened on Thursday on a busy day for corporate newsflow, with traders attention turning to the Bank of England's latest thinking on the UK economy. http://www.ft.com/cms/s/6b8c12d2-c9d8-11de-a5b5-00144feabdc0.html © THE...

Lloyds Banking Group Better Positioned to Recover than RBS

Research Recap (Free subscription) | yesterday

It looks like Royal Bank of Scotland Group (RBS) drew the short straw in the UK government’s latest shakeup of the UK banking sector. As DealBook reported, RBS agreed to sell its insurance business and some bank branches in England, Wales and Scotland to meet European competition rules on accepting state aid. The bank, which is [...]

FTSE 100 takes QE extension in its stride

Arts Alerts (Free subscription) | yesterday

News Alert 5 November 2009 Company: Royal Bank of Scotland Group PLC (RBS:LSE) Frequency: Immediately November 05, 12:25pm FTSE 100 takes QE extension in its stride London equities continued to weaken on Thursday as the market took news that the Bank of England decided to increase the size of its quantitative easing programme by £25bn to £200bn in its stride. http://www.ft.com/cms/s/6b8c12d2-c9d8-11de-a5b5-00144feabdc0.html...

FTSE 100 takes £25bn QE extension in its stride

Arts Alerts (Free subscription) | yesterday

News Alert 5 November 2009 Company: Royal Bank of Scotland Group PLC (RBS:LSE) Frequency: Immediately November 05, 12:10pm FTSE 100 takes £25bn QE extension in its stride London equities weakened on Thursday as the market took news that the Bank of England decided to increase the size of its quantitative easing programme by £25bn in its stride. http://www.ft.com/cms/s/6b8c12d2-c9d8-11de-a5b5-00144feabdc0.html...

Royal Bank of Scotland "accepts responsibility" in Coutts Bank $1,000,000,000 Charities Fraud - FBI SOCA Carroll Case

carrolltrust | 24/09/2009

Royal Bank of Scotland Coutts Bank named as the primary offshore financial centre of operations in the Carroll Trust international criminal syndicate case, now the subject of major criminal allegations of conspiracy to defraud racketeering money laundering in Britain's longest running largest organised criminal conspiracy corruption case. Lord Home Chairman of RBS Coutts and the newly appointed chief