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.

India Inc's forex debt raising to hit $20 bn next year: RBS

Last Updated: Wednesday, December 10, 2014, 23:03

Last year, non-financial corporates raised USD 15 billion in debt from overseas market.

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.

Market sees Rajan holding rates on Tuesday: RBS survey

Last Updated: Thursday, January 23, 2014, 22:30

The market expects Reserve Bank Governor Raghuram Rajan to hold interest rates at its policy review meeting on Tuesday, a survey has found.

BSE Sensex may touch 23,500 level by year-end: RBS

Last Updated: Friday, January 17, 2014, 20:09

BSE Sensex is expected to be at 23,000-23,500 level by the year-end because of lower valuation and uptick in company earnings as economic growth picks up, British lender RBS' wealth management arm said on Friday.

RBS unit in Japan to pay $50 million over Libor

Last Updated: Tuesday, January 7, 2014, 12:12

A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a USD 50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the benchmark interest rate Libor.

US wholesale prices point to muted inflation pressures

Last Updated: Saturday, December 14, 2013, 03:14

US producer prices fell for a third straight month in November, pointing to a lack of inflation pressure that could give the Federal Reserve pause as it weighs the future of its bond-buying stimulus.

RBS, S&P sued by European investors for $250 million crisis losses

Last Updated: Thursday, December 5, 2013, 13:14

Royal Bank of Scotland and rating agency Standard & Poor`s have been sued by a group of European institutional investors for damages of up to $250 million suffered on complex financial products in the lead-up to the global financial crisis.