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RBS names Brijesh Mehra as India Country Executive

Last Updated: Tuesday, July 22, 2014, 21:19

The Royal Bank of Scotland (RBS) Tuesday announced the appointment of Brijesh Mehra as the Country Executive for India.

Standard Life says may leave an independent Scotland

Last Updated: Thursday, February 27, 2014, 18:05

The Royal Bank of Scotland (RBS) said separately that there would likely be a "significant impact" if Scotland chose to end its 300-year-old union with England.

Royal Bank of Scotland posts 2013 net loss of 8.995bn pounds

Last Updated: Thursday, February 27, 2014, 13:28

Britain`s state-rescued Royal Bank of Scotland plunged deeper into a net loss of almost £9.0 billion last year on the back of vast accounting charges, it said on Thursday.

RBS to pay $920 million in bonuses for 2013: Report

Last Updated: Wednesday, February 26, 2014, 09:50

Royal Bank of Scotland has received approval from Treasury agency UK Financial Investments to pay about 550 million pounds in staff bonuses for 2013, a news wire reported late on Tuesday.

RBS agrees to $275 million mortgage-debt settlement

Last Updated: Thursday, February 20, 2014, 02:24

Royal Bank of Scotland Group Plc has agreed to pay $275 million to resolve a U.S. lawsuit accusing it of misleading investors in mortgage-backed securities, lawyers for the plaintiffs said on Wednesday.

RBS sets aside £3.0 bn for claims, conduct matters

Last Updated: Tuesday, January 28, 2014, 14:29

Britain`s state-controlled Royal Bank of Scotland said Monday it has set aside more than £3.0 billion (USD 5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.

RBS unit in Japan to pay $50 million over Libor

Last Updated: Tuesday, January 07, 2014, 12:12

A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a USD 50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the benchmark interest rate Libor.

US fines RBS USD 133 mn for violating Iran sanctions

Last Updated: Thursday, December 12, 2013, 02:16

US authorities announced fines totalling USD 133 million against Royal Bank of Scotland Monday for violating US sanctions regimes on Iran, Myanmar, Sudan and Cuba.

RBS, S&P sued by European investors for $250 million crisis losses

Last Updated: Thursday, December 05, 2013, 13:14

Royal Bank of Scotland and rating agency Standard & Poor`s have been sued by a group of European institutional investors for damages of up to $250 million suffered on complex financial products in the lead-up to the global financial crisis.

RBS offers compensation after new IT glitch

Last Updated: Tuesday, December 03, 2013, 16:40

Royal Bank of Scotland (RBS) said on Tuesday it will compensate customers who lost money owing to a "systems issue" which prevented them from using their payment cards on one of the busiest shopping days of the year.

EU to hit banks with huge fines over rate-rigging: Report

Last Updated: Wednesday, November 06, 2013, 09:38

The European Union is set to impose multibillion-euro fines on banks alleged to have manipulated key interest rate benchmarks Euribor and Yen Libor, the Financial Times reported on its website Tuesday.

HSBC says part of worldwide foreign exchange probe

Last Updated: Monday, November 04, 2013, 14:45

Banking giant HSBC said on Monday that it was being investigated along with other banks as part of a worldwide probe into the possible manipulation of foreign exchange trading.