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RBS News

28 Apr 2017

RBS posts first quarterly profit since Q3 2015

Royal Bank of Scotland swung to a better than expected first quarter profit of 259 million pounds ($334.24 million), it reported on Friday, after making a loss of nearly a billion pounds in the same period a year ago.

13 Jan 2017

Vishal Sikka optimistic for Q4 after Infosys hits $10 billion run rate emotional milestone

Terming the event of Infosys hitting $10 billion mark as emotional and psychological milestone, company CEO Vishal Sikka on Friday said that as company has performed well so he is "optimistic" about the fourth quarter of the current fiscal.

05 Dec 2016

RBS agrees $1 billion payout over 2008 fundraising case

Royal Bank of Scotland has reached a settlement with the majority of shareholder groups over allegations it misled them during a fundraising at the height of the financial crisis, but still has to strike a deal with thousands of smaller retail investors.

16 Aug 2016

Infosys shares down over 1% on RBS project scrap news

Infosys' scrip fell by over one percent Tuesday after the company said it will ramp down about 3,000 jobs following Royal Bank of Scotland's decision to cancel the project to set up a separate bank in the UK.

Royal Bank of Scotland

11 Apr 2016

RBS to close down India business as it shrinks global assets: Sources

Royal Bank of Scotland (RBS) will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said

06 Apr 2016

HSBC, RBS and Barclays plan to close 400 UK branches this year: Sources

Three of Britain`s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank.

Royal Bank of Scotland

26 Feb 2016

Royal Bank of Scotland hits eighth straight annual loss

Britain`s state-rescued Royal Bank of Scotland on Friday posted its eighth annual loss in a row although the latest result came in 43 percent smaller at around £2.0 billion.

24 Sep 2015

RBS to exit India private banking business in management buyout

Royal Bank of Scotland Group Plc said it is selling its Indian private banking unit to a company led by the head of the business, Shiv Gupta, as the British bank pulls back from some foreign markets to focus on UK retail and commercial banking.

21 Sep 2015

No phone signal in a disaster? Solar network ''in a box'' to the rescue

Pakistan: Pakistani researchers have developed a portable, solar-powered mobile phone network for use in disasters like floods and earthquakes when regular communications are often disrupted.

04 Aug 2015

UK starts RBS sell-off with $3.3 billion stake sale

Finance Minister George Osborne on Tuesday hailed the start of returning RBS to the private sector and said it was right to commence selling at a loss to the price paid in the 2008 rescue.

03 Aug 2015

Seven years after bailout, Britain starts RBS sell-off with $3 bn stake sale

Britain started the sale of a 2 billion pounds ($3.1 billion) stake in Royal Bank of Scotland (RBS) on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

Royal Bank of Scotland

27 Jul 2015

RBS in talks to sell Indian private banking unit to Sanctum Wealth

Royal Bank of Scotland Group Plc is in talks to sell its Indian private banking business to Sanctum Wealth Management, a firm set up by its local private banking business head Shiv Gupta, a spokeswoman for the bank said on Monday.

27 Jul 2015

IndusInd completes acquisition of RBS bullion financing biz

"IndusInd Bank has completed the acquisition with the entire business portfolio migrating to the bank. The acquired loan book is approximately Rs 41 billion (Rs 4,100 crore," IndusInd Bank said in a BSE filing.

11 Jul 2015

RBS looking to sell $5 billion Greek shipping loan business: Sources

For decades, RBS has been a top lender to the global shipping industry and its Greek office - with an estimated 60 staff members - has played a pivotal role.

Royal Bank Scotland

02 Jul 2015

RBS slashes Nifty target to 9,200 citing reform delays

The Royal Bank Scotland (RBS) on Thursday lowered its forecast for the NSE Nifty to 9,200 points from 10,000 it pegged in December, citing delayed reforms on account of state elections later this year apart from weaker corporate earnings.

01 Jul 2015

IndusInd Bank-RBS deal gets Competition Commission nod

IndusInd Bank has received Competition Commission approval for the acquisition of Royal Bank of Scotland's gems and jewellery financing business in the country.

10 Apr 2015

IndusInd Bank to buy RBS India's bullion financing biz

Hinduja Group-promoted IndusInd Bank has agreed to buy Royal Bank of Scotland's diamond and jewellery financing business in the country for an undisclosed sum.

Royal Bank of Scotland

04 Mar 2015

Royal Bank of Scotland to cut 14,000 jobs: Report

Britain's state-rescued Royal Bank of Scotland will axe up to 14,000 jobs by 2019 in a retreat from investment banking, the Financial Times reported Wednesday.

04 Mar 2015

'RBS to cut up to 14,000 jobs in investment banking unit'

RBS said last week it will shrink its investment banking operations from 25 countries in Europe, Asia and the Middle East. RBS could not be reached for comment outside regular business hours.

Royal Bank of Scotland

26 Feb 2015

RBS turns to an architect of "light touch" regulation

The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound ($71 billion) government rescue looks set to guide it back to private hands.

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