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Royal Bank of Scotland News

28 Apr 2017

RBS posts first quarterly profit since Q3 2015

Royal Bank of Scotland swung to a better than expected first quarter profit of 259 million pounds ($334.24 million), it reported on Friday, after making a loss of nearly a billion pounds in the same period a year ago.

Royal Bank of Scotland

24 Feb 2017

RBS posts ninth straight annual loss on ''sins of the past''

Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world`s biggest bank rescue.

05 Dec 2016

RBS agrees $1 billion payout over 2008 fundraising case

Royal Bank of Scotland has reached a settlement with the majority of shareholder groups over allegations it misled them during a fundraising at the height of the financial crisis, but still has to strike a deal with thousands of smaller retail investors.

Royal Bank of Scotland

30 Nov 2016

Royal Bank of Scotland fails stress test: BoE

The Royal Bank of Scotland is the worst prepared among Britain's lenders for another financial crisis, the Bank of England said today, forcing the state- rescued lender into a new capital-raising plan.

Royal Bank of Scotland

28 Sep 2016

US fines RBS bank $1.1 bn over pre-crisis mortgages

Royal Bank of Scotland said it had agreed a fine of USD 1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis.

17 Aug 2016

Infosys extends downfall; shares dip nearly 2%

Continuing to fall for the second straight session Wednesday, Infosys' scrip went down by nearly 2 percent after the company said it will ramp down about 3,000 jobs following Royal Bank of Scotland's decision to cancel the project to set up a separate bank in the UK.

16 Aug 2016

Infosys shares down over 1% on RBS project scrap news

Infosys' scrip fell by over one percent Tuesday after the company said it will ramp down about 3,000 jobs following Royal Bank of Scotland's decision to cancel the project to set up a separate bank in the UK.

16 Aug 2016

3,000 jobs to get affected post RBS project scrap: Infosys

Infosys has said it will ramp-down about 3,000 jobs following Royal Bank of Scotland's decision to cancel the project to set up a separate bank in the UK.

13 Jul 2016

HDFC Bank is now more valuable than major European peers

Beating major European peers, HDFC Bank has gone ahead to become highly valuable lending institution only behind five European banks with worth more than $45 billion (RS 3.012 lakh crore).

Royal Bank of Scotland

11 Apr 2016

RBS to close down India business as it shrinks global assets: Sources

Royal Bank of Scotland (RBS) will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said

Royal Bank of Scotland

26 Feb 2016

Royal Bank of Scotland hits eighth straight annual loss

Britain`s state-rescued Royal Bank of Scotland on Friday posted its eighth annual loss in a row although the latest result came in 43 percent smaller at around £2.0 billion.

24 Sep 2015

RBS to exit India private banking business in management buyout

Royal Bank of Scotland Group Plc said it is selling its Indian private banking unit to a company led by the head of the business, Shiv Gupta, as the British bank pulls back from some foreign markets to focus on UK retail and commercial banking.

04 Aug 2015

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

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.

03 Aug 2015

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

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.

30 Jul 2015

RBS profits rise despite restructuring charge doubling to 1.1 billion sterling

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.

Royal Bank of Scotland

27 Jul 2015

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

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.

27 Jul 2015

IndusInd completes acquisition of RBS bullion financing biz

"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.

11 Jul 2015

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

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.

01 Jul 2015

IndusInd Bank-RBS deal gets Competition Commission nod

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

20 May 2015

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

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.

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