US, Britain fine six top banks nearly $6 bn for forex, Libor abuses
The far-flung settlement included guilty pleas from Barclays Bank, JPMorgan Chase, Citicorp and the Royal Bank of Scotland for conspiring to manipulate the massive currency market, as well as a guilty plea from Switzerland`s UBS, for violating a prior settlement of Libor charges.
May 20, 2015, 21:13 PM IST
Forex rigging settlements now seen next week
Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.
May 12, 2015, 23:41 PM IST
RBS sets aside further $1.3 billion for misconduct charges
The improved performance was clouded by a number of one-off charges, resulting in RBS posting an attributable loss of 446 million, compared with a 1.2 billion pound profit a year ago.
Apr 30, 2015, 13:14 PM IST
RBS prevails in US fraud lawsuit over pre-crisis disclosures
A US appeals court on Wednesday declined to hold Royal Bank of Scotland Group Plc liable for allegedly defrauding investors in its American depositary shares by downplaying its subprime asset exposure prior to the global financial crisis.
Apr 16, 2015, 01:02 AM IST
IndusInd Bank to buy RBS India's bullion financing biz
Hinduja Group-promoted IndusInd Bank has agreed to buy Royal Bank of Scotland's diamond and jewellery financing business in the country for an undisclosed sum.
Apr 10, 2015, 10:20 AM IST
Royal Bank of Scotland to cut 14,000 jobs: Report
Britain's state-rescued Royal Bank of Scotland will axe up to 14,000 jobs by 2019 in a retreat from investment banking, the Financial Times reported Wednesday.
Mar 04, 2015, 18:28 PM IST
'RBS to cut up to 14,000 jobs in investment banking unit'
RBS said last week it will shrink its investment banking operations from 25 countries in Europe, Asia and the Middle East. RBS could not be reached for comment outside regular business hours.
Mar 04, 2015, 08:15 AM IST
RBS turns to an architect of "light touch" regulation
The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound ($71 billion) government rescue looks set to guide it back to private hands.
Feb 26, 2015, 18:15 PM IST
RBS to slash investment banking after huge loss
Royal Bank of Scotland will end investment banking in the Middle East and Africa and "significantly" reduce its presence in Asia and the US after a seventh-straight annual loss, the state-rescued lender said Thursday.
Feb 26, 2015, 17:47 PM IST
RBS poised to take 4 bn stg hit on value of US bank Citizens
Royal Bank of Scotland is likely to write down the value of its U.S. bank Citizens by about 4 billion pounds ($6.2 billion) next week, industry sources said, potentially wiping out much of the state-backed bank`s annual profit.
Feb 20, 2015, 21:14 PM IST
Bank RBS freezes 18 bonuses in forex rigging probe
The Royal Bank of Scotland has withheld the bonuses of 18 staff members under investigation for possible roles in rigging the foreign exchange market, the British lender said Tuesday.
Dec 24, 2014, 09:26 AM IST
RBS admits European stress test blunder
The stress tests ran the banks through two different economic scenarios to see whether their balance sheets were healthy enough to withstand further economic shocks.
Nov 22, 2014, 08:57 AM IST
Royal Bank of Scotland fined for IT failure: Regulator
British financial regulators have fined state-owned Royal Bank of Scotland a combined £56 million for a series of IT failures that left customers unable to access services, they said Thursday.
Nov 20, 2014, 15:41 PM IST
Rate cut by Reserve Bank imminent: Royal Bank of Scotland
The Royal Bank of Scotland Monday said the economic indicators like softening of inflation suggests that key interest rates could be slashed sooner than later by the Reserve Bank of India.
Nov 03, 2014, 17:34 PM IST
RBS sets aside $639 mn for currency probe
The total represents over half the 780 million pounds the bank earmarked for "conduct and litigation costs" in third-quarter earnings released on Friday.
Oct 31, 2014, 17:32 PM IST
EU fines JP Morgan $78 mn for rigging interest rates
The European Commission fined US banking giant JP Morgan more than 61 million euros ($78 million) on Tuesday for its role in rigging benchmark international interest rates.
Oct 21, 2014, 19:24 PM IST
RBS fined 14mn pound over poor mortgage advice
RBS has been fined for not taking enough care to explain to home-buyers the costs of taking out a mortgage.
Aug 27, 2014, 14:49 PM IST
RBS India pre-tax profit jumps 58% to Rs 662 crore in FY14
British lender Royal Bank of Scotland (RBS) has posted a 58 percent jump in pre-tax profit from its India franchise at Rs 662.11 crore in FY14, helped by wholesale banking business.
Aug 03, 2014, 17:36 PM IST
RBS names Brijesh Mehra as India Country Executive
The Royal Bank of Scotland (RBS) Tuesday announced the appointment of Brijesh Mehra as the Country Executive for India.
Jul 22, 2014, 21:19 PM IST
