Royal Bank of Scotland (RBS)
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.
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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.
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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”
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