RBS

Royal Bank of Scotland could make a decision on the sale of its 315-branch Project Rainbow business this week amid reports one of the three bidders for the unit has had its offer rejected.

Shares in taxpayer-backed Lloyds Banking Group soared to a five-year high yesterday amid speculation the government is poised to start selling its stake.

The Treasury has been accused of pushing out Royal Bank of Scotland (RBS) chief executive Stephen Hester to cut down any potential pay-off from the state-backed lender, according to a new book.

Standard Life Investments (SLI) and Legal & General Investment Management (LGIM) are looking to sue Royal Bank of Scotland (RBS) over a controversial £12bn cash-call in 2008.

Fred Goodwin's 'details orientated' management style - which included introducing thousands of custom-made round-topped storage units to deal with his growing irritation over piles of paper - has been showcased in a new book.

A businessman who amassed a £100m fortune through mis-selling credit card protection products showed contempt for the seven million affected victims yesterday.

The leader of a £1.5bn bid to take over 315 branches up for sale by Royal Bank of Scotland (RBS) has warned the lender it must take the offer seriously.

Taxpayer-owned Royal Bank of Scotland could miss the deadline at the end of the year to sell 316 branches by more than two years.

Fitch Ratings has said any potential break-up of Royal Bank of Scotland (RBS) is 'unlikely' as the costs and risks would outweigh the benefits.

Business Secretary Vince Cable has warned the government's 81% stake in Royal Bank of Scotland (RBS) may not be sold off for another five years, arguing a quick sale of shares is unlikely.