Royal Bank of Scotland has called its new app Bó
Although bó is the Irish word for ‘cow’, RBS makes no reference to this in its lengthy press release called ‘What’s In A Name’.
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Although bó is the Irish word for ‘cow’, RBS makes no reference to this in its lengthy press release called ‘What’s In A Name’.
RBS is setting up a new European subsidiary in Amsterdam to serve customers on the continent.
The bank has been fined by the US Justice Department over its role in the subprime mortgage crisis.
It’s likely that the competition will have a wide range of possible alternatives.
The country’s government plans to start offloading its shares in the bailed-out bank.
He’s still blaming the bigwigs upstairs for the commotion at RBS’s London offices last Friday.
Penned by an RBS employee, it compares the comedian to “a school bully”.
But parent company RBS doesn’t want to sell its Irish arm any more now it’s making a profit.
The bank is hoping to sell its non-performing loans while interest in the Irish market is strong, experts said.
The bank is predicting a broader based recovery, with jobs outside Dublin on the cards.
The bank blamed shifting consumer habits for the closures, but still attracted flak from the bankers union.
The bank is saying tonight that if customers have been left out of pocket as a result, the issue will be “put right”.
A report by the British government has alleged that Royal Bank of Scotland hit healthy businesses with charges and rates that forced them to close allowing bank to seize their assets at a lower price.
The UK taxpayer rescued RBS says it will conduct a review of Ulster Bank “for supporting the Northern Irish and Irish economies”.
The bank’s CEO is insisting such a problem won’t happen again as the “root causes” have been fixed.
George Osborne told bankers last night that a review is to be carried out into breaking up Royal Bank of Scotland, Ulster Bank’s parent company.
A report by a parliamentary commission on banking in the UK has recommended widespread reform to the sector.
The Times reports that the UK’s £45 billion bailout of Ulster Bank’s parent Royal Bank of Scotland five years ago amounts to an ‘injection into the Republic’.
The BBC says the Treasury will give up ownership of Ulster Bank in exchange for the British loans currently held by NAMA.
The British-owned bank continued to post an operating profit – but saw its gains worn away as it wrote off €285m of debts.
Ulster Bank will charge €4 a month for current accounts from July – unless customers keep minimum balances or lodge certain amounts.
Royal Bank of Scotland, which is majority owned by the British government, took a £5 billion charge for loan impairments last year.
The Sunday Telegraph says a quarter of the British taxpayer’s bailouts of RBS and Lloyds has gone to Ireland.
Disappointing news breaking tonight for the bailed out British bank.
The Financial Services Authority is to conduct an investigation into the systems failure at the Royal Bank of Scotland.
Details of the package will be announced later today, according to reports.
Banking group Royal Bank of Scotland said the cost of cleaning up the Ulster Bank technical ‘glitch’ – including redress to customers – would cost stg£28m (€35.5m).
Interim results report clarifies the amount being earmarked for both redress for beleaguered Ulster Bank customers in Ireland and the costs associated with dealing with the system failure.
We’re not surprised any more by unscrupulous behaviour by banks – but HSBC’s actions are as bad as it gets, writes Nick Leeson.
The Ulster Bank CEO is answering questions from TDs and Senators about the ongoing technical problems at the bank. Follow the action here.
Two people contacted TheJournal.ie yesterday after receiving warnings about missed loan payments and failed direct debits.
Ulster Bank’s parent group believes the technical issues will be fixed for the vast majority of customers by July 16.
Revelation comes after RBS confirmed it is one of the banks being investigated over manipulation of inter-bank lending rates.
Efforts to clear backlog of customer transactions continue.
Ulster Bank says that payments made yesterday, and since 21 June may still not be available.
Some branches will stay open this weekend in an attempt to clear the payments backlog.
Ulster Bank’s British parent RBS says it’s finished clearing its British backlog, and staff are now working ‘flat out’ for Ireland.
The bank says a “significant number of minor issues” mean it’s taking longer than expected to work through a backlog.
The bank says it is taking longer than anticipated to fix the technical error which has been causing problems for customers since Wednesday.