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RBS

Investment

Fred the Shred to escape scrutiny in FSA RBS report

The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.

clock 05 December 2011 •

Economics / Markets

HSBC and Goldmans under fire as S&P cuts big banks

Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.

clock 30 November 2011 •

Economics / Markets

Lloyds annouces Horta-Osório's replacement

Lloyds Banking Group has announced the interim replacement for group chief executive António Horta-Osório.

clock 21 November 2011 •

Investment

RBS faces legal action for role in MF Global collapse

Royal Bank of Scotland is facing legal action over the collapse of MF Global after two pension funds accused the bank of making misleading statements about the broker's $6.3bn (£3.9bn) exposure to European sovereign debt.

clock 21 November 2011 •

Your profession

Thumbs down: How the banks fare when it comes to financial advice

An undercover investigation has revealed widespread poor and misleading advice from financial advisers at some of the highstreet's biggest name banks.

clock 16 November 2011 • 7 min read

Your profession

High street banks panned after retirement advice sting

The quality of financial advice given by advisers in high street banks and building societies has come under fire after a mystery shop by consumer watchdog Which?

clock 16 November 2011 •

Life Office

Aviva swings axe on hundreds of employees

Aviva has said 384 jobs in its Bristol office are at risk due to a simplification of its life business.

clock 15 November 2011 •

Bonds

Coutts facing £6m fine for AIG bond sales

Coutts, the private bank owned by the Royal Bank of Scotland (RBS), is expected to be fined in the region of £6m by the Financial Services Authority (FSA) today for the mis-selling of bonds issued by failed US insurer AIG.

clock 08 November 2011 •

Economics / Markets

RBS pays out £500m in bonuses despite profit slump

State-owned Royal Bank of Scotland is to payout around £500m in bonuses to its traders and investment bankers, despite a collapse in profits.

clock 07 November 2011 •

Economics / Markets

RBS takes Greek hit but overall profits rise to £2bn

Part nationalised bank Royal Bank of Scotland today reported clean operating profits had fallen sharply in the third quarter, while it had also taken a loss on its Greek debt holdings.

clock 04 November 2011 •
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