RBS



Nationwide awarded £50m to increase small business banking competition

Nationwide Building Society has been awarded £50 million from Banking Competition Remedies to increase competition in small business banking.

Published 15 May 2019

TSB labels RBS pay-out to challenger banks a 'once in a generation opportunity'

The chief executive of TSB has welcomed the £775 million set aside by RBS for so-called 'challenger banks' as a "once in a generation opportunity to break the shackles" of the big banks, The Herald reports.

Published 5 February 2018

RBS denies claims that it 'trained staff in forging signatures'

Royal Bank of Scotland has denied claims that it trained staff in how to forge customers' signatures, The Times reports.

Published 5 February 2018

Scottish Government calls for 'minimum level of banking service provision'

The Scottish Government has called on the UK government to establish and enforce a guaranteed minimum level of service provision for essential banking services.

Published 4 December 2017

Leaked FCA report says RBS 'turned blind eye' to GRG failings

A leaked Financial Conduct Authority (FCA) report says RBS management "turned a blind eye" to failings in its scandal-hit Global Restructuring Group (GRG), the Mail on Sunday reports.

Published 4 December 2017

RBS to shed nearly 160 workers in Scotland as 62 branches to close

Royal Bank of Scotland is set to shed nearly 160 employees as it closes a total of 62 branches across Scotland, it announced today.

Published 1 December 2017

RBS logo disappears from iconic London building

The RBS logo has been removed from 250 Bishopsgate, the iconic building home to RBS in London since 2007.

Published 9 October 2017

Progress continues towards settlement in shareholder action against RBS

Progress continues towards a settlement in a court action brought by thousands of shareholders against the Royal Bank of Scotland, senior counsel has said.

Published 26 May 2017

RBS settles with more investors over 2008 rights issue

RBS has reached an out-of-court settlement with a group of shareholders who alleged they were misled by the bank in the run-up to its £12 billion rights issue in 2008.

Published 28 April 2017

Royal Bank of Scotland to provide fast loans to UK SMEs through new site

Royal Bank of Scotland has announced the launch of a new digital platform where small and medium sized businesses will be able to obtain unsecured loans of up to £150,000 within hours.

Published 17 February 2017

RBS braces for £340 million bonus row

RBS is bracing itself for the annual rammy over bonuses at the loss-making, state-owned bank.

Published 6 February 2017

RBS boss warns of banking exodus from UK as Brexit confusion reigns

RBS chairman Sir Howard Davies has warned that banks may have to pull operations out of the UK unless satisfactory transitional arrangements for the country’s exit from the EU are drawn up soon.

Published 14 November 2016

RBS refunding student charges

RBS and NatWest are refunding tens of thousands of customers who were wrongly charged interest on student overdrafts over a 14-year period.

Published 1 September 2016

Grant Thornton sues RBS for £145m in VAT carousel fraud action

Another week and its another legal action for RBS. It has now emerged that the 73 per cent state owned bank is being sued for £145 million by  liquidators at Grant Thornton acting for the creditors of a number of fraudulent companies engaged in a VAT carousel fraud in which carbon credits were being traded.

Published 6 June 2016

RBS facing £400 million mis-selling law suit

RBS is to face another major legal action over the alleged mis-selling of interest rate swaps at a time when bosses are said to have known of Libor-rigging.

Published 3 June 2016