Barclays Bonuses Needed to Prevent ‘Death Spiral’
5 Mar
2014
Written by Sam Allcock

Barclays Bonuses Needed to Prevent ‘Death Spiral’ »

Banking
1452

Barclays has defended its lucrative executive bonuses as a necessary part of running a global investment bank. The bank’s chief executive, Antony Jenkins, Read more…

RBS at Risk of Credit Rating Downgrade
12 Feb
2014
Written by Sam Allcock

RBS at Risk of Credit Rating Downgrade »

Banking
104

Royal Bank of Scotland could face a ratings downgrade from one of the world’s top credit ratings agencies, according to a new report Read more…

‘Huge’ RBS Cost Cuts on the Way
15 Jan
2014
Written by Sam Allcock

‘Huge’ RBS Cost Cuts on the Way »

Thousands of Royal Bank of Scotland staff could lose their jobs as the Edinburgh-based bank plans another round of cuts. Approximately 40,000 RBS Read more…

European Commission Fines Eight EU Banks for Rate Rigging
6 Dec
2013
Written by Sam Allcock

European Commission Fines Eight EU Banks for Rate Rigging »

Eight banks, including UK-based RBS, have been fined for taking part in illegal cartel action to fix interest rates. The banks fixed Read more…

RBS Chief Executive: ‘Smarter Solutions’ for RBS Customers on the Way »

Banking
145

New Royal Bank of Scotland chief executive Ross McEwan promises changes to the way the bank does business. The new chief executive claims Read more…

RBS Set Back by Fines, Credit Rating Adjustment
10 Nov
2013
Written by Sam Allcock

RBS Set Back by Fines, Credit Rating Adjustment »

More bad news for Royal Bank of Scotland. The bank, which has been in and out of the headlines for the past Read more…

Former RBS Boss ‘Obsessed With Minutiae’
4 Sep
2013
Written by Sam Allcock

Former RBS Boss ‘Obsessed With Minutiae’ »

Infamous former Royal Bank of Scotland CEO Fred Goodwin has been blasted for his obsession with cleaning and minutiae in a new Read more…

Business Secretary: Selling RBS Could Take Years
13 Aug
2013
Written by Sam Allcock

Business Secretary: Selling RBS Could Take Years »

Both the Royal Bank of Scotland’s chairman and the Prime Minster have a very clear stance on public RBS ownership: it should Read more…

Lloyds Sale to Begin Soon, RBS Could Soon Follow
20 Jun
2013
Written by Sam Allcock

Lloyds Sale to Begin Soon, RBS Could Soon Follow »

George Osborne indicated that the 39 percent of Lloyds current owned by taxpayers could be sold ‘within months.’ The Chancellor announced the Read more…

Libor Scandal: Tom Hayes Charged With Conspiracy to Defraud
18 Jun
2013
Written by Sam Allcock

Libor Scandal: Tom Hayes Charged With Conspiracy to Defraud »

Banking
64

33-year-old former UBS and Citigroup trader Tom Hayes has been charged with a variety of conspiracy offenses regarding his involvement in the Read more…