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Edinburgh Tram Report Speaks of 'Poor Management And Abdication Of Responsibility'
Nine years after the initial public inquiry was launched, a 961-page report exposes the truth behind the years of delays and huge overspending.
Danielle Summer Sep 19, 2023
Spies for hire: BA, Porsche and others hired intelligence firms to 'join protest groups'
A new leak from inside the murky world of corporate intelligence has revealed how major companies hire private spies to infiltrate groups of activists and protesters.
Jason Murdock Dec 12, 2017
RBS to cut 680 jobs amid plans to shut 259 branches
Unite union describes the cuts as "savage" and questions why government signed off the lender's closure plans.
Dan Cancian Dec 01, 2017
Royal Bank of Scotland to pay $44m to settle securities fraud charges in US
Charges relate to RBS attempting to increase its profits by misrepresenting prices and commissions in trades of mortgage-backed securities.
Karthick Arvinth Oct 27, 2017
RBS profits boosted by cost-cutting and fewer fines
Attributable profit came in at £392m for the third quarter, compared to a loss of £469m in the same period a year ago.
Karthick Arvinth Oct 27, 2017
FCA ponders further action against RBS over mistreatment of small business customers
City regulator's review finds instances of inappropriate treatment on the part of RBS in 92% of the cases it examined.
Karthick Arvinth Oct 24, 2017
Watchdog decision to not publish RBS mistreatment report criticised
The FCA's report on Royal Bank of Scotland's restructuring unit was leaked to the BBC last month.
Karthick Arvinth Sep 15, 2017
MPs want leaked RBS report to be published immediately
FCA investigation into RBS' restructuring unit was leaked to the BBC in November last year.
Dan Cancian Sep 07, 2017
RBS picks Amsterdam as post-Brexit hub as it swings into the black
Bailed-out lender posts first half profit for first time in three years and unveils plans to set up business in the Netherlands.
Dan Cancian Aug 04, 2017
Royal Bank of Scotland cutting more than 400 UK jobs in move to India
Troubled bank to shift 443 jobs dealing with business loans to Mumbai.
Karthick Arvinth Jun 26, 2017
Royal Bank of Scotland reaches £200m settlement with shareholders
The move means disgraced bank boss Fred Goodwin will not give evidence in court on the lender's near collapse.
Roger Baird Jun 06, 2017
A tale of two banks: Lloyds has paid back taxpayer but RBS still has a mountain to climb
Lloyds has more than paid back its £20.3bn bailout, while RBS has posted its ninth year of losses in a row.
Roger Baird May 19, 2017
Major UK lenders' financials hint at a turnaround, but can investors bank on the sector again?
Banks have been rebuilding their balance sheets and returning to form – once again piquing equity investors' interest.
Michelle McGrade May 04, 2017
Royal Bank of Scotland shares rise on better-than-expected quarterly results
Troubled lender posts profit of £259m for the first three months of 2017.
Karthick Arvinth Apr 28, 2017
Philip Hammond says taxpayer stake in RBS may be sold at a loss
Chancellor tells MPs 'we have to live in the real world' and make decisions in the best interest of taxpayers.
Karthick Arvinth Apr 19, 2017
Brussels to launch probe into RBS plans to avoid bank unit sell-off
RBS proposes launching a £750m fund for challenger banks and fintech investment in the UK.
Roger Baird Apr 04, 2017
Bradford & Bingley loans sale nets Treasury £11.8bn
Loans acquired during 2008 financial crisis to be sold to Prudential and Blackstone.
Karthick Arvinth Mar 31, 2017
Over 150 RBS and NatWest branches across Britain set to shut
State-owned lender says the move will lead to a net job loss of approximately 360 roles.
Dan Cancian Mar 23, 2017
RBS is a loss-making albatross – Philip Hammond should sell the taxpayer's stake to fund the NHS
Publicly-owned RBS is losing billions and still pays its bosses bonuses, so let's privatise it again.
Jane Merrick Feb 24, 2017
Winners and losers: What did this week tell us about the state of Britain's high street banks?
A decade on from the financial crisis, which lenders have adjusted best to high-regulation landscape?
Roger Baird Feb 24, 2017
Royal Bank of Scotland sees losses treble to £7bn as it racks up its ninth year of losses
The bank's total losses since 2008 now amount to about £58bn, topping the government's £45.5bn bail-out.
Roger Baird Feb 24, 2017
HM Treasury proposal could exempt RBS from its EU obligation to sell Williams and Glyn
The requirement was imposed on RBS as part of state aid commitments agreed with the European Commission in 2009.
Kedar Grandhi Feb 18, 2017
Royal Bank of Scotland to offer SME business loans within hours via digital site
RBS will provide up to £150,000 for a maximum term of five years to small businesses.
Kedar Grandhi Feb 15, 2017
RBS set to slash 15,000 jobs when it announces 9th year of losses
An additional £1bn-£1.5bn of savings needed to boost bank's recovery.
Rachel Middleton Feb 12, 2017
RBS rejects calls to beef up its £400m fund meant for customers affected by its restructuring unit
RBS set up the compensation fund in late 2016.
Kedar Grandhi Feb 10, 2017
RBS to set aside £3.1bn more to cover fines
Provision brings the total amount RBS has set aside for fines to £6.7bn.
Karthick Arvinth Jan 26, 2017
RBS urged to create 'shareholder committee' to improve corporate governance
The British bank will now be required to put the proposal to a vote at its May 2017 AGM.
Kedar Grandhi Dec 30, 2016
RBS agrees £800m settlement with shareholders over 2008 rescue fundraising
The FTSE 100-listed lender has reached an agreement with three of the five groups representing shareholders.
Dan Cancian Dec 05, 2016
RBS could face $12bn or more penalty from US DoJ over mis-selling scandal, warns UKFI
Negotiations between the British bank and the US DoJ over the penalty will start only in 2017.
Kedar Grandhi Nov 17, 2016
RBS to set up $400m fund to support businesses affected by its restructuring unit
The FCA is expected to say that steps taken by RBS are enough to avoid enforcement action.
Kedar Grandhi Nov 08, 2016
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