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Barclays Bonuses Needed to P...
Barclays has defended its lucrative executive bonuses as a necessary part of running a global investment bank. The bank’s chief executive, Antony Jenkins, is preparing to explain to critics the impo...
RBS at Risk of Credit Rating...
Royal Bank of Scotland could face a ratings downgrade from one of the world’s top credit ratings agencies, according to a new report in The Telegraph. The bank faces the possibility of a ratings dow...
‘Huge’ RBS Cost Cuts on...
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 workers have already been made redundant as the bank,...
European Commission Fines Ei...
Eight banks, including UK-based RBS, have been fined for taking part in illegal cartel action to fix interest rates. The banks fixed rates for financial derivatives, causing an increase in pricing for...