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 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.

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.

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.

RBC CEO says tech firms pose threat, eyes start-up partnerships

Last Updated: Saturday, April 11, 2015, 09:17

Technology companies pose a competitive threat to established lenders, the head of Royal Bank of Canada said on Friday, adding he was keen to work with start-ups to improve the company`s mobile offerings.

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.