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Royal Bank of Scotland

Five banks fined US$1 billion by EU for rigging foreign exchange market

Barclays, Royal Bank of Scotland, Citigroup, JP Morgan and MUFG formed two cartels to manipulate the spot foreign exchange market for 11 currencies.

17 May 2019 - 7:02AM

UK police probe suspicious packages at university, bank

7 Mar 2019 - 2:23AM

British banks urged to justify ‘staggering’ level of branch closures

16 Nov 2018 - 8:31PM

Royal Bank of Scotland to pull out of Middle East and Africa

1 Feb 2015 - 9:45PM

Royal Bank of Scotland is reviewing its global presence as it seeks to rebuild its reputation after a massive government bailout following the global financial crisis. Photo: Bloomberg

Analysis | US and UK forex probes could bring more pain to banks

The US$4.3 billion in civil settlements struck between six global banks and US and British authorities over foreign exchange market manipulation sets the stage for negotiations over related probes that could bear much more severe consequences.

14 Nov 2014 - 3:05AM

HSBC among five banks fined US$3.4 billion for rigging foreign exchange market

US, British and Swiss regulators fined HSBC and four other global banks more than US$3 billion for attempting to manipulate foreign exchange markets.

13 Nov 2014 - 7:53AM

RBS to relocate to England if Scotland votes for independence

Scottish First Minister Alex Salmond has demanded a probe into the disclosure of Royal Bank of Scotland's potential move to England.

12 Sep 2014 - 6:19AM

RBS's proposal to move to London from Edinburgh if voters backed independence was first reported by the BBC. Photo: AFP

RBS agrees to buy back structured notes sold by Lehman at 100pc

RBS is the latest bank to reach a settlement with the Securities and Futures Commission and the Hong Kong Monetary Authority after investigations into whether bank staff mis-sold risky products to customers.

19 Jul 2013 - 5:32AM

UK prosecutor promises hefty evidence in first Libor fixing case

5 Jul 2013 - 10:47AM

UK asks Rothschild to advise on possible RBS break-up

4 Jul 2013 - 10:14AM

Britain is considering whether to split up Royal Bank of Scotland, which is now 81-per cent government owned. Photo: AFP

RBS faces struggle to find boss amid political meddling

14 Jun 2013 - 11:05AM

Britain holds a controlling 81 per cent stake in RBS after pumping 45.5 billion pounds (US$71 billion) in to keep it afloat during the 2008 financial crisis. Photo: AP

British banks cut 189,000 jobs, take staff numbers to nine-year low

29 May 2013 - 2:51AM

RBS Japan head to roll over Libor rigging

Royal Bank of Scotland's Japan brokerage unit head is preparing to resign as the company faces penalties for attempts to manipulate benchmark interest rates, according to two people with knowledge of the situation.

12 Apr 2013 - 6:13AM

The cost of rigging

8 Feb 2013 - 3:53AM

New York Attorney General Eric Schneiderman is helping lead a probe into claims that banks rigged global interest rates. Photo: AP

Royal Bank of Scotland fined US$612m for rate rigging

More than a dozen traders at RBS offices in London, Singapore and Tokyo manipulated the London interbank offered rate, which is used to price trillions of dollars worth of loans, from at least 2006 until 2010.

7 Feb 2013 - 5:17AM

Arthur Yuen Kwok-hang, HKMA's deputy chief executive

Banks consider global Libor deal as costs of scandal rise

2 Feb 2013 - 4:25AM

Royal Bank of Scotland plans bonus cut to help cover Libor rigging fines

30 Jan 2013 - 4:55AM

RBS faces £500m fine over Libor charges

16 Jan 2013 - 3:41AM

Business Digest, December 17, 2012

US prosecutors plan to file charges this week against multiple bankers linked to UBS rigging of Tokyo interbank lending rates.

17 Dec 2012 - 5:30AM

Lai See | Chicken feet give Savannah a big foot in the shipping door

8 Dec 2012 - 3:46AM

Banking giants find big is no longer beautiful

6 Dec 2012 - 3:16AM

Business Digest, December 1, 2012

1 Dec 2012 - 3:07AM

UnionPay spreads its overseas expansion.

Lean bonus for London's bankers

28 Nov 2012 - 2:34AM

Malaysian bank uses RBS assets to grow in Asia

27 Nov 2012 - 3:14AM

Britain could lose £66b on bank bailouts: lawmakers

16 Nov 2012 - 10:23AM

A bank run on Northern Rock in 2008 forced the government to nationalise Northern Rock, and subsequently bail out Royal Bank of Scotland and Lloyds Banking Group. Lawmakers have warned that Britain could lose £66b it spent rescuing RBS and Lloyds. Photo: Bloomberg

Business Digest, November 3, 2012

3 Jul 2018 - 8:07PM

Cargo unit weighs on Singapore Airlines net

Fast-moving U.S. firm hires star banker for Asia

18 Oct 2012 - 12:36PM

RBS executives accused of being involved in Libor scam

26 Sep 2012 - 3:43AM

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Royal Bank of Scotland

Royal Bank of Scotland grew into one of the world’s biggest banking groups through aggressive acquisitions, but overstretched itself when it tried to buy Dutch banking giant ABN Amro in 2007. The British government pumped 45 billion pounds (US$73 billion) into RBS to keep it afloat in 2008, leaving it 82 per cent state-owned. As of November 2012, the taxpayer faced a loss of 19 billion pounds on the investment.

Chairman / President

Jim McConville

CEO / Managing Director

Oliver Holbourn

CFO / Finance Director

Robert Horrocks

Industry

Banking

Website

rbs.co.uk

Headquarters address

36 St Andrew Square, Edinburgh, EH2 2YB, United Kingdom

Stock Code

LSE:NWG
NYSE:NWG

Year founded

1727

last updated:

30 September, 2024