Rbs

Boris on Bonuses: Like Swiss Cheese, Full of Holes

Dr Prateek Buch | Posted 03.05.2013 | UK Politics
Dr Prateek Buch

Coming days after RBS announced a £607m bonus pool to "reward" staff for losses of £5bn, Boris' defence of the banking industry is in itself deluded - and as far as the UK economy is concerned, self-defeating.

RBS Bonus Pot Tops £607m Despite £5.2bn Losses

PA/The Huffington Post UK | Posted 28.02.2013 | UK

Scandal-hit Royal Bank of Scotland revealed staff bonuses of £607 million in 2012 despite losses of £5.2 billion after a "chastening" year. The l...

Vince Cable's RBS Plan: If You See Sid, Con Him

Adrian Ash | Posted 23.04.2013 | UK Politics
Adrian Ash

You remember Sid, right? Back when what then passed for the commanding heights were being privatised in the late 1980s, ad agency BMP got taxpayers' money to convince taxpayers to buy shares in the taxpayer-owned British Gas. No doubt Vince Cable is already taking pitches today from Soho ad agencies wanting to help him giveaway shares in the taxpayer-owned Royal Bank of Scotland.

The Debate That Still Needs to Be Had

John McFall | Posted 14.04.2013 | UK Politics
John McFall

It is now six months since the LIBOR scandal erupted - and we are still trying to assess how much damage that and other scandals have done to public trust in the banks.

Charlie Thomas

‘I deserve my bonus – I’ve saved RBS for the sake of society and stakeholders’

HuffingtonPost.com | Charlie Thomas | Posted 11.02.2013 | UK

Stephen Hester, the chief executive of the Royal Bank of Scotland (RBS) has defended his forthcoming bonus by saying he should be judged on saving the...

Charlie Thomas

'Don't Let My Death Be In Vain', Pleads RBS's Hourican

HuffingtonPost.com | Charlie Thomas | Posted 11.02.2013 | UK

The only senior member of management at RBS to lose his job in relation to Libor rigging, pleaded with his colleagues to "not let my death be in vain"...

RBS Boss To Receive £800,000 Bonus Despite Libor Scandal

PA/Huffington Post UK | Posted 11.04.2013 | UK

The boss of the taxpayer-funded Royal Bank of Scotland will be paid a bonus of almost £800,000 just weeks after his bank was fined £391 million for ...

Charlie Thomas

'I'm Like A Whore's Drawers' - The Best Libor Fixing Quotes

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Following the news of the Royal Bank of Scotland's £400m fine for its role in the London inter bank offer rate (scandal), much laughter has been hear...

Charlie Thomas

RBS Staff See Bonuses Clawed Back To Pay Libor Fines

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

Thousands of staff across the Royal Bank of Scotland will lose their bonuses this year as the bank claws back money to pay fines for its part in the L...

RBS Fined £400m For Libor Scandal

PA | Posted 06.02.2013 | UK Politics

Royal Bank of Scotland is to pay nearly £400 million to regulators in the US and UK to settle its involvement in the Libor-rigging. RBS has agree...

Mehdi's Morning Memo: Cameron Vs The Conservatives

Huffington Post | Mehdi Hasan | Posted 07.02.2013 | UK Politics

The ten things you need to know on Wednesday 6 February 2013... 1) CAMERON VS THE CONSERVATIVES It was a historic night in the Commons - both fo...

Lord Lawson Says RBS Should Be Nationalised, As Cameron Urges Bonus 'Restraint'

The Huffington Post UK | Posted 01.02.2013 | UK Politics

Former Conservative chancellor Lord Lawson has said George Osborne should nationalise the Royal Bank of Scotland. In an interview with the Financia...

Charlie Thomas

Financial Watchdog Bares Its Teeth At Banks Over Interest Rate Swaps

HuffingtonPost.com | Charlie Thomas | Posted 31.01.2013 | UK

Bad news for banks, but good news for businesses on Thursday - The Financial Services Authority (FSA) has said it will investigate the mis-selling of ...

Charlie Thomas

PPI Complaints Are STILL Rising

HuffingtonPost.com | Charlie Thomas | Posted 29.01.2013 | UK

The payment protection insurance (PPI) furore is far from over, as new data from the financial ombudsman shoes almost half of the PPI complaints broug...

Two RBS Execs Under Pressure To Resign Ahead Of Libor Settlement

Charlie Thomas | Posted 11.01.2013 | UK

The London inter bank offer rate (Libor) rigging scandal continues into 2013, with reports that the Royal Bank of Scotland (RBS) is close to negotiati...

Students' Anger As Union Enforces Natwest Boycott

The Huffington Post UK | Lucy Sherriff | Posted 10.01.2013 | UK Universities & Education

A university union has banned its own students from applying to a national bank group for funding and watching six nations rugby at their union bar - ...

Bonuses For RBS Bankers Shrink After Multi-Million Fine

PA/The Huffington Post UK | Posted 30.12.2012 | UK

The bonus pot at state-backed Royal Bank of Scotland will shrink this year as the bank pays an estimated £350 million fine for its role in the interb...

Bishop Challenges Bank Boss Over Social Duty

PA | Posted 13.11.2012 | UK

The incoming Archbishop of Canterbury has taken one of the country's most senior bankers to task over his industry's social role. Justin Welby accu...

RBS Takes Big Step Towards Independence From Government

PA/The Huffington Post UK | Posted 17.10.2012 | UK

The semi-nationalised Royal Bank of Scotland has announced it is to exit a state-backed insurance scheme covering its poorer-quality assets, a signifi...

Jobs Under Threat At RBS After Santander Deal Collapse

PA/Huffington Post UK | Posted 13.10.2012 | UK

Thousands of workers are facing mounting uncertainty over their jobs after the collapse of a proposed sale of Royal Bank of Scotland branches to Spani...

RBS Boss Stephen Hester 'Disappointed' After Santander Pulls Out Of Deal

PA/Huffington Post UK | Posted 12.12.2012 | UK

The proposed sale of 316 RBS branches to Santander had collapsed after the Spanish banking giant pulled out of an agreed £1.65 billion purchase. T...

PPI Complaints Soar, But Current Account Gripes Continue To Drop

Charlie Thomas | Posted 27.09.2012 | UK

Payment protection insurance complaints in the past six months have driven grumbles about financial services firms up by 59%. Data released on Sept...

RBS: 'We're On The Way To Becoming A Good Bank'

PA/The Huffington Post UK | Posted 25.09.2012 | UK

The Royal Bank of Scotland is nearing the point of becoming a "recovered bank" and should have largely completed its restructuring by next year, accor...

Banks Are Lending More, Says Merv

Press Association/The Huffington Post | Posted 25.09.2012 | UK

The Bank of England has said there are signs that banks are starting to lend more cash to struggling businesses and households. Borrowing rates are...

Barclays Named The 'Most Complained About Bank'

Charlie Thomas | Posted 11.09.2012 | UK

Barclays Bank was the most complained about financial institution, racking up 23,703 complaints in a year, according to data from the Financial Ombuds...