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.
Everybody’s worried about China.
The country’s government plans to start offloading its shares in the bailed-out bank.
The Royal Bank of Scotland is 81% owned by the British state.
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”.
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.
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.
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.
Customers continue to experience problems with their accounts 12 days after they first started experiencing difficulties.
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.
Irish banking operations are a major drain on RBS’s global operations, with the Irish banking sector remaining “challenging”.
Stephen Hester, whose bank is 82 per cent owned by the British taxpayer, gives up his bonus to avoid becoming a ‘pariah’.
The head of Royal Bank of Scotland is on a salary of £1.2 million (€1.4 million) and last year received a bonus worth around £2 million (€2.38 million).
There is speculation that the British-owned bank could be about the shed jobs from its 5,000 strong workforce
The Irish arm of RBS lost £732 million in deposits in the four days after the government guaranteed its native competitors.
Human rights group forced into U-turn after statement this morning was found to have ‘out-of-date information’ on Aviva.
Greek bonds and Irish customers at RBS’ Ulster Bank operation caused a major dent in the Royal Bank of Scotland’s earnings
The British-owned entertainment chain secures a €250m lifeline to stay alive, but the deal comes at a cost.
The warning came from a senior British banker who was speaking to 100 Irish business people in London this week and comes amid persistent government denials that second bailout will be needed.
Reporters could be allowed into a court room when an injunction is being granted. However, they are likely to still be restricted in what they can reveal.
Provisions for bad loans and support for mortgage customers drag down profits at the Irish subsidiary of RBS.
Former Liverpool owner will have to file his damages lawsuit in Britain after the High Court refused to lift an anti-suit injunction earlier today.
The Irish operations of the Royal Bank of Scotland report significant losses for the third quarter.
Tom Hicks and George Gillett withdraw their injunction – but get set to seek a billion-dollar payout in damages.
The Texas court that issued the outstanding injunction against Liverpool’s sale could remove that ban today.
Our somewhat condensed guide to who’s who, what’s what, and why the American courts are involved.
There’ll be no decision on whether the Royal Bank of Scotland can force through the sale of Liverpool FC until tomorrow.