RBS prevails in US fraud lawsuit over pre-crisis disclosures

Last Updated: Thursday, April 16, 2015, 01:02

A US appeals court on Wednesday declined to hold Royal Bank of Scotland Group Plc liable for allegedly defrauding investors in its American depositary shares by downplaying its subprime asset exposure prior to the global financial crisis.

IndusInd Bank to buy RBS India's bullion financing biz

Last Updated: Friday, April 10, 2015, 10:20

Hinduja Group-promoted IndusInd Bank has agreed to buy Royal Bank of Scotland's diamond and jewellery financing business in the country for an undisclosed sum.

Royal Bank of Scotland to cut 14,000 jobs: Report

Last Updated: Wednesday, March 4, 2015, 18:28

Britain's state-rescued Royal Bank of Scotland will axe up to 14,000 jobs by 2019 in a retreat from investment banking, the Financial Times reported Wednesday.

'RBS to cut up to 14,000 jobs in investment banking unit'

Last Updated: Wednesday, March 4, 2015, 08:15

RBS said last week it will shrink its investment banking operations from 25 countries in Europe, Asia and the Middle East. RBS could not be reached for comment outside regular business hours.

RBS turns to an architect of "light touch" regulation

Last Updated: Thursday, February 26, 2015, 18:15

The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound ($71 billion) government rescue looks set to guide it back to private hands.

RBS to slash investment banking after huge loss

Last Updated: Thursday, February 26, 2015, 17:47

Royal Bank of Scotland will end investment banking in the Middle East and Africa and "significantly" reduce its presence in Asia and the US after a seventh-straight annual loss, the state-rescued lender said Thursday.

RBS poised to take 4 bn stg hit on value of US bank Citizens

Last Updated: Friday, February 20, 2015, 21:14

Royal Bank of Scotland is likely to write down the value of its U.S. bank Citizens by about 4 billion pounds ($6.2 billion) next week, industry sources said, potentially wiping out much of the state-backed bank`s annual profit.

Bank RBS freezes 18 bonuses in forex rigging probe

Last Updated: Wednesday, December 24, 2014, 09:26

The Royal Bank of Scotland has withheld the bonuses of 18 staff members under investigation for possible roles in rigging the foreign exchange market, the British lender said Tuesday.

RBS sets aside £3.0 bn for claims, conduct matters

Last Updated: Tuesday, January 28, 2014, 14:29

Britain`s state-controlled Royal Bank of Scotland said Monday it has set aside more than £3.0 billion (USD 5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.

Support for Scottish independence increasing: Poll

Last Updated: Monday, January 27, 2014, 01:19

Support for the "Yes" campaign backing an independent Scotland is growing sharply, eight months of a referendum on the issue, according to a poll published in the Scotland in Sunday`s newspaper.