Rbs
Taxpayers ‘could wait years’ to get money back from RBS & LloydsIt could take at least five years to sell off the taxpayer stakes in RBS and Lloyds Banking Group, financial experts told MPs yesterday. |
RBS to repay £163 billion but taxpayer not out of woods yetThe Royal Bank of Scotland has confirmed that it will repay £163 billion of emergency loans it received at the height of the financial crisis next week. |
Barclays tops list as bank complaints up by 21% in six monthsBarclays was the most complained about bank in the second half of 2011, ahead of part-taxpayer owned Lloyds and RBS. In total complaints rose by 21% to 2.2 million. |
RBS and NatWest’s new £50,000 rule for interest only mortgagesThe Royal Bank of Scotland and NatWest have stipulated that only individuals earning £50,000 and above will be considered for an interest only mortgage. |
RBS stake could be sold to Abu Dhabi at a loss to taxpayerThe government has been in talks with Abu Dhabi sovereign wealth funds about selling a stake of up to a third of the Royal Bank of Scotland at a loss to the UK taxpayer. |
Further job losses expected in banking sectorThe UK’s five biggest banks are to cut more jobs after profits were hammered by PPI claims, the euro debt crisis and higher regulatory costs, a report reveals. |
RBS and Lloyds to cut another 1,900 jobsPart state owned banks RBS and Lloyds have announced they are to shed a total of 1,900 jobs. Trade union Unite has called on the Government to intervene. |
RBS shareholders start £2.4bn legal claim against Fred GoodwinPrivate shareholders and institutional investors have begun a £2.4 billion legal claim against former chief executive Fred Goodwin and other former senior executives. |
Homeowners urged to review mortgage deals in case of SVR risesBorrowers are being advised to review their mortgage arrangements if they are on their lenders standard variable rate after five lenders announced increases last week. |
Santander follows Halifax and RBS and increases mortgage ratesSantander has followed the lead of Halifax and RBS in raising the cost of borrowing on some mortgages in a move that will increase mortgage repayments. |
RBS used similar tax loophole as Barclays to avoid paying taxThe Royal Bank of Scotland used a similar tax loophole scheme as Barclays to avoid paying tax on the profits made from buying back its own debt in 2009. |
RBS chief Hester defends bonuses and warns on political meddlingStephen Hester, chief executive of the Royal Bank of Scotland, has warned that RBS could become another "British Leyland" if it is used as a political football. |
RBS posts £2bn loss but pays £390m to investment bankersThe Royal Bank of Scotland has announced a full year £2 billion loss for 2011, almost double the £1.1 billion loss recorded the previous year. |
RBS to unveil £2b loss and £400m bonus pot for 2011The Royal Bank of Scotland (RBS) is expected to announce a £2 billion loss and £400 million bonus pot for 2011 when it releases its financial results for 2011 tomorrow. |
Pressure on Horta-Osorio as RBS and Barclays shun clawbacksRBS and Barclays do not expect senior staff to repay bonuses awarded whilst PPI selling went on but Lloyds boss Antonio Horta-Osorio is under pressure to repay some of the signing-on award he received when he joined Lloyds. |
Bailed-out banks RBS & Lloyds to announce losses for 2011The likelihood of the UK taxpayer being repaid the £66 billion owed for bailing out the Royal Bank of Scotland and Lloyds any time soon is expected to dwindle this week when both banks announce their 2011 results. |
OFT slams speed of banking reforms by "big four"John Fingleton, the head of the Office of Fair Trading has hit out at the "big four" UK banks for not making changes to benefit competition and customers quickly enough. |
RBS and NatWest criticised for ‘misleading’ advertsRoyal Bank of Scotland and NatWest have come under fire from the Advertising Standards Authority for misleading customers in their television commercials. |
Banks miss Project Merlin lending targets to SME'sThe lending targets to small and medium-sized businesses agreed under Project Merlin were not met as RBS lent £3billion less than the target agreed. |
Cameron calls for truce over banker bonus rowThe Prime Minister, David Cameron, will attempt to diffuse the bonus row as RBS and Barclays prepare to announce details of bonuses by not criticizing either award publicly. |
Stephen Hester admits he "considered resigning"Stephen Hester, chief executive of RBS, has vowed "to prove the critics wrong" in a memo released to staff as he breaks his silence over the recent banker bonus row. |
Bob Diamond set for £2m bonus as Barclays report £6bn profitThe banker bonus row is set to re-ignite this week as Barclays announces profits of almost £6 billion fuelling speculation over the level of banker bonuses it will pay. |
RBS considers bonus ban as chairman says 'something has to change'Royal Bank of Scotland chairman Sir Philip Hampton has conceded that salaries in the banking industry are higher than they should be and must be corrected. |
Fred Goodwin loses knighthood in the ultimate banker bashingFred Goodwin, former boss at the Royal Bank of Scotland has been stripped of his knighthood after it was decided he had "brought the honours system into disrepute." |
RBS bonus row highlights three key issuesThe toxic row over banker bonuses highlights whether banks owned by the taxpayer should pay bonuses, the amount that private banks should pay and what role the government has in setting limits. |
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