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Royal Bank of Scotland (RBS) News
Royal Bank of Scotland (RBS)
US fines RBS bank $1.1 billion over pre-crisis mortgages
Wed, Sep 28, 2016
Royal Bank of Scotland on Wednesday said it had agreed a fine of $1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis.
RBS shares hit after U.S. demands hefty fine from Deutsche Bank
Fri, Sep 16, 2016
The British state-backed lender has waited many months to hear how U.S. authorities including the Department of Justice (DoJ) and Federal Housing Finance Agency intend to punish its alleged mis-selling of asset-backed securities in the run up to the financial crisis.
No job losses post RBS contract loss; To redeploy 3,000 employees on other projects: Infosys
Wed, Aug 17, 2016
India's second largest software services firm Infosys on Wednesday said there are no job losses and will redeploy 3,000 employees who will be affected by RBS decision to scrap the UK project of setting up a new bank.
Infosys falls 2% as RBS deal cancellation weighs heavy
Tue, Aug 16, 2016
The Telegraph quoted RBS CEO Ross McEwan as saying, “Given lower interest rate environment, it is clear that W&G would be unlikely to grow its balance sheet to the extent necessary to deliver returns above the cost of capital within the next five years”
WATCH: Top 5 stories of this morning; From cut in petrol, diesel prices to announcement of Power Grid, Just Dial's Q1 earnings today
Tue, Aug 16, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this morning: 1. SGX Nifty strong amid mixed global cues
Infosys to no longer work on RBS' new UK bank project
Mon, Aug 15, 2016
India's leading IT company Infosys on Saturday announced that it will no longer work on RBS' new UK standalone bank Williams & Glyn (W&G) project.
RBS to shut 6 of 10 branches in India from October 1
Wed, Jul 20, 2016
Royal Bank of Scotland (RBS) will close six branches out of 10 retail banking and wealth management services in India from October 1.