UK starts RBS sell-off with $3.3 billion stake sale

Last Updated: Tuesday, August 4, 2015, 13:42

Finance Minister George Osborne on Tuesday hailed the start of returning RBS to the private sector and said it was right to commence selling at a loss to the price paid in the 2008 rescue.

Seven years after bailout, Britain starts RBS sell-off with $3 bn stake sale

Last Updated: Monday, August 3, 2015, 23:42

Britain started the sale of a 2 billion pounds ($3.1 billion) stake in Royal Bank of Scotland (RBS) on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

RBS profits rise despite restructuring charge doubling to 1.1 billion sterling

Last Updated: Thursday, July 30, 2015, 15:19

State-backed Royal Bank of Scotland reported a rise in second quarter profit despite booking a 1.1 billion pound ($1.7 billion) charge for restructuring after accelerating the overhaul of its business.

RBS in talks to sell Indian private banking unit to Sanctum Wealth

Last Updated: Monday, July 27, 2015, 20:05

Royal Bank of Scotland Group Plc is in talks to sell its Indian private banking business to Sanctum Wealth Management, a firm set up by its local private banking business head Shiv Gupta, a spokeswoman for the bank said on Monday.

IndusInd completes acquisition of RBS bullion financing biz

Last Updated: Monday, July 27, 2015, 11:19

"IndusInd Bank has completed the acquisition with the entire business portfolio migrating to the bank. The acquired loan book is approximately Rs 41 billion (Rs 4,100 crore," IndusInd Bank said in a BSE filing.

RBS looking to sell $5 billion Greek shipping loan business: Sources

Last Updated: Saturday, July 11, 2015, 09:07

For decades, RBS has been a top lender to the global shipping industry and its Greek office - with an estimated 60 staff members - has played a pivotal role.

RBS slashes Nifty target to 9,200 citing reform delays

Last Updated: Thursday, July 2, 2015, 18:38

The Royal Bank Scotland (RBS) on Thursday lowered its forecast for the NSE Nifty to 9,200 points from 10,000 it pegged in December, citing delayed reforms on account of state elections later this year apart from weaker corporate earnings.

IndusInd Bank-RBS deal gets Competition Commission nod

Last Updated: Wednesday, July 1, 2015, 21:15

IndusInd Bank has received Competition Commission approval for the acquisition of Royal Bank of Scotland's gems and jewellery financing business in the country.

Major banks admit guilt in forex probe, fined $6 bn

Last Updated: Wednesday, May 20, 2015, 22:41

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.

US, Britain fine six top banks nearly $6 bn for forex, Libor abuses

Last Updated: Wednesday, May 20, 2015, 21:13

The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.

Forex rigging settlements now seen next week

Last Updated: Tuesday, May 12, 2015, 23:41

Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.

RBS sets aside further $1.3 billion for misconduct charges

Last Updated: Thursday, April 30, 2015, 13:14

The improved performance was clouded by a number of one-off charges, resulting in RBS posting an attributable loss of 446 million, compared with a 1.2 billion pound profit a year ago.