RBS

RBS' share price was sent tumbling yesterday as workers rushed to offload a swathe of bonus shares in exchange for cash.

Royal Bank of Scotland (RBS) group chief executive Stephen Hester has admitted the government's implicit subsidy to the industry may have fed into bankers' bonuses.

Nationals round-up: Warnings about ETFs, the latest on investment trusts and another supermarket could soon be offering a savings bond.

Banks involved in the payment protection insurance (PPI) mis-selling scandal are exploring the legal ramifications of clawing back bonuses from executives.

Royal Bank of Scotland's (RBS) advice arm and M&G have joined AIFA as associate members.

State-backed bank RBS said today it could not reliably estimate total liabilities for PPI sales although they could be 'material'.

The Treasury Select Committee (TSC) has commissioned an independent review of the FSA's report into the collapse of RBS to scrutinise why the regulator failed to spot problems at the bank.

Portugal's caretaker prime minister Jose Socrates has announced he has reached agreement on a bail-out from the EU and the International Monetary Fund.

Santander's takeover of 318 RBS branches is not expected to be completed until the first quarter of 2012, despite hopes the deal would be done by the end of 2011.

Tim Geithner, the US Treasury secretary, shrugged off warnings from a leading ratings agency about the US public finances as he sought to reassure Wall Street that the world's biggest economy would be able to maintain its highly-prized AAA rating.