Articles tagged "RBS"

RBS's Hester gives up £1 million bonus

Last updated: Jan 30th, 2012

News

The Royal Bank of Scotland chief executive, Stephen Hester, has given up his bonus of 3.6 million shares in the bank, worth close to £1 million, after widespread public disgust at the payout led to an intense media and political onslaught.

RBS failures caused by poor decisions

Last updated: Dec 12th, 2011

News by Rebecca Rutt

The near collapse of the Royal Bank of Scotland was due to poor decisions made by those in charge of the bank and flaws in regulation, the Financial Services Authority says.

First-quarter losses of £116 million for RBS

Last updated: May 6th, 2011

News

Part-nationalised Royal Bank of Scotland unveiled steeper losses in the first quarter of the year, but assured investors that it was headed in the right direction.

RBS and NatWest fined over complaint handling

Last updated: Jan 11th, 2011

News

The Financial Services Authority has fined Royal Bank of Scotland and NatWest £2.8 million for multiple failings in the way they handled customers' complaints.

RBS tees up £1.14 billion profits

Last updated: Aug 6th, 2010

News

Part-nationalised Royal Bank of Scotland's pre-tax profit soared to £1.14 billion in the first half of the year from £15 million a year earlier.

Virgin secures £500m for RBS bid

Last updated: Apr 6th, 2010

News

Virgin Money has secured up to £500 million of extra financial firepower from new billionaire stakeholder Wilbur Ross as part of its bid to snap up hundreds of RBS branches.

RBS fined over price fixing scandal

Last updated: Mar 30th, 2010

News

Royal Bank of Scotland has been slapped with a £28.6 million fine after breaking competition laws over loan pricing.

RBS reports losses of £3.6 billion

Last updated: Feb 25th, 2010

News

Royal Bank of Scotland has reported losses of £3.6 billion but says the worst of the banking crisis may be over.

RBS recovery "ahead of schedule"

Last updated: Jan 12th, 2010

News

The chief executive of Royal Bank of Scotland says the beleaguered bank's recovery is ahead of schedule - with the worst of its heavy losses now behind it.