Scottish independence: Cable says RBS would have to move to London ‘I would have thought they would become a London bank which would be symbolically quite important,’ says business secretary.
NatWest and RBS cards declined due to IT meltdown on Mega Monday Bailed-out banks face angry backlash from customers unable to pay for goods or use their accounts for second time this year.
RBS accused of pushing small businesses to the edge to boost profits Dossier claims business assets were seized cheaply amid call to end turnaround arm’s ‘conflict of interests’.
RBS sells 314 branches to church-backed Corsair consortium Corsair deal will see revival of William and Glyn’s name, but exact price bailed-out bank receives will not be known until flotation.
Church-backed consortium leads bids for RBS branches RBS has to sell 315 branches under terms imposed by EU during the £45bn taxpayer bailout of 2008-09.
Cost of splitting RBS could outweigh benefits, says Fitch Fitch conclusion comes after analysis is commissioned to see if breaking up bank would make it easier to pump credit into economy.
RBS sell-off investigation ruled out Government admits prospect of selling off bank remains distant, despite speculation over potential sale of rival group Lloyds.
RBS chief executive Stephen Hester quits with £1.6m-plus payoff Hester, parachuted into the bailed bank during the 2008 crisis, will stand down at end of year as RBS prepares for privatisation.
Osborne urged to distribute RBS and Lloyds shares among voters Government stake should be sold off using scheme in which those who apply pay for shares at later date, says thinktank.
RBS rejects joint proposal by US private equity firms JC Flowers and Apollo, but will contact other bidders in next few days Royal Bank of Scotland has narrowed a shortlist of prospective bidders for hundreds of branches it must sell, with JC Flowers and Apollo dropping out of the race, sources familiar with the matter […]