Royal Bank of Scotland Group PLC

LON100:RBS, Sep 24, 10:50 UTC FTSE 100 real-time data - Disclaimer Currency in GBP

Latest LON100:RBS News

News

Royal Bank of Scotland delays introduction of low-rate credit card

RBS

{{ title }} {{ /membershipLinks }}. {{ title }} {{ /secondarySections }}. {{#isVideo}} {{/isVideo}} {{#isGallery}} {{/isGallery}} {{#isAudio}} {{/isAudio}} {{#isComment}} {{/isComment}} {{headline}} {{#isComment}} {{/isComment}} {{#showWebPublicationDate}} Published: {{webPublicationDate}} {{/showWebPublicationDate}} {{headline}} {{/headline}} {{/content}} {{/showContent}} {{#showContent}}. {{#isVideo}} {{/isVideo}} {{#isGallery}} {{/isGallery}} {{#isAudio}} {{/isAudio}} {{#isComment}} {{/isComment}} {{headline}} {{#isComment}} {{/isComment}} {{#showWebPublicationDate}} Published: {{webPublicationDate}} {{/showWebPublicationDate}} {{headline}} {{/headline}} {{/content}} {{/showContent}}.

Read Full Details

Story Sources

theguardian.com
Topics:
  • Business
  • Financial
News

Litigation costs to rub salt in RBS investor wounds

RBS

But the letter, which was seen by Reuters, also said that had Action Group investors accepted an earlier RBS offer in April of 43.15 pence per share, they would have received a net payment of 10 to 16 pence per share. Institutional investors representing around 35 percent of the value of the Action Group accepted RBS's 43.15 pence offer, partly because of concerns about the funding of a lawsuit that could have been dragged through the courts for years. "There probably will be people disappointed with the payout," said one person involved with the group, who declined to be named. " Manx Capital Partners, a major institutional claimant which in March took over responsibility for managing the litigation with the group's law firm, Signature Litigation, said it was "very comfortable" with the legal firm's charges.

Read Full Details

Topics:
  • Business
  • Financial
News

Litigation costs to rub salt in RBS investor wounds

RBS

But the letter, which was seen by Reuters, also said that had Action Group investors accepted an earlier RBS offer in April of 43.15 pence per share, they would have received a net payment of 10 to 16 pence per share. This highlights the price of bringing an unprecedented, U.S.-style group action in Britain for Royal Bank of Scotland shareholders, who have waited nine years for compensation after the bank's near collapse and state bailout in 2008. The RBoS Shareholders Action Group, whose members once topped 27,000, is one of five claimant groups that alleged investors were misled about the bank's financial strength when they bought shares at 200-230 pence. "There probably will be people disappointed with the payout," said one person involved with the group, who declined to be named. "Nothing will take away the feeling that the only ones to prosper from this whole saga have been the lawyers," said Stephen Allen, 67, from the town of Sandy in eastern England.

Read Full Details

Topics:
  • Business
  • Financial
  • US
News

What goes up must come down: classic car values dip in 2016

RBS

Since Coutts Bank began its value index in 2005, classic cars have shown a healthy return save for 2016's dip. The most recent report on the state of collectible items shows classic car values have (finally) dipped. Get the Web's best daily performance and luxury automotive newsletter! We'll email you the latest in performance and luxury automotive news every day.

Read Full Details

Story Sources

motorauthority.com
Topics:
  • Business
  • Financial
News

RBS boss says lender will enact its Brexit plans by the end of March 2018 if no clarity emerges on EU single market

RBS

In an interview with London radio station LBC, Ross McEwan said: “By the end of the first quarter of next year if we don’t know what the banking arrangements with Europe look like we will have to start activating our plans. In an interview with London radio station LBC, Ross McEwan said: “By the end of the first quarter of next year if we don’t know what the banking arrangements with Europe look like we will have to start activating our plans”. According to traders, the US bank to has hiked its stance for RBS to ‘neutral’ from ‘underperform’ but remains broadly cautious overall on UK lenders. Earlier this week, RBS received formal European Commission approval for its plans to boost competition in the UK’s small business banking market by providing funds to incentivise some of their business customers to move to rivals.

Read Full Details

Topics:
  • Business
  • Financial
News

RBS CEO Will Enact Brexit Plans by March 2018 if No Sign of a Deal

RBS

The state-owned bank is in discussions with the Dutch central bank to use the Netherlands as its trading base in the European Union once Britain leaves the bloc. LONDON — Royal Bank of Scotland Chief Executive Ross McEwan said the company will enact its Brexit plans by the end of March 2018 if no clarity emerges about Britain's ability to retain access to the European single market when it leaves the EU. McEwan said the bank serves 250 large corporates in Europe and has tens of thousands of British customers who are depending on the lender to be able to access Europe's markets without disruption. Download the app to read more Reuters News.

Read Full Details

Topics:
  • Business
  • Financial
News

RBS CEO will enact Brexit plans by March 2018 if no sign of a deal

RBS

RBS CEO will enact Brexit plans by March 2018 if no sign of a deal. The state-owned bank is in discussions with the Dutch central bank to use the Netherlands as its trading base in the European Union once Britain leaves the bloc. McEwan said the bank serves 250 large corporates in Europe and has tens of thousands of British customers who are depending on the lender to be able to access Europe's markets without disruption. "By the end of the first quarter of next year if we don't know what the banking arrangements with Europe look like we will have to start activating our plans," McEwan told LBC radio.

Read Full Details

Topics:
  • Business
  • Financial
News

Royal Bk Scot.Grp. UK Regulatory Announcement: The Royal Bank of Scotland plc - Stabilisation Notice

RBS

PRS Finance plc. The Royal Bank of Scotland plc - Stabilisation Notice. Stabilising Manager(s):. Stabilisation venue:.

Read Full Details

Story Sources

businesswire.com
Topics:
  • Business
  • Financial
News

NatWest introduces paperless mortgages

RBS

All NatWest mortgages applied for over the phone will be offered paper-free, which could save over 4.4 million sheets of paper a year. This marks the first time that a customer in the UK will be able to apply for a mortgage without paper copies of documents being produced. In advance of a call with a mortgage adviser, customers will be able to upload the documents required for an application, such as a driving license, passport or payslips through a secure online portal. A telephone call with a mortgage adviser will then be arranged at a convenient time for the customer, to guide them through the process.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Royal Bk Scot.Grp. UK Regulatory Announcement: The Royal Bank of Scotland plc - Stabilisation Notice

RBS

Gatwick Funding Limited. The Royal Bank of Scotland plc, (contact: Philippe Bradshaw, Tel: 020 7085 5213) hereby gives notice that the Stabilising Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Directive (EU/596/2014). Stabilisation:. Stabilising Manager(s):.

Read Full Details

Story Sources

businesswire.com
Topics:
  • Business
  • Financial
Price
News

Royal Bank of Scotland avoids sale of Williams & Glyn

RBS

"The divestment of Williams & Glyn, to be completed by end-2017 is the last outstanding commitment, with the objective to mitigate the distortion of competition in the UK SME banking market," it said. A restructuring of the bank was approved by the Commission in 2009 and amended in 2014. As part of this restructuring, the UK committed to a significant balance sheet and risk reduction in RBS. Ross McEwan, RBS chief executive said: "We are pleased that we now have final approval from the European Commission for the alternative remedies package. "The Commission can only accept modifications to existing commitments by member states and aided banks that were given to obtain approval for restructuring aid if the new commitments can be considered equivalent to those originally provided," it said.

Read Full Details

Story Sources

out-law.com
Topics:
  • Business
  • Financial
News

NatWest launches UK’s first paperless mortgage

RBS

NatWest has launched the UK’s first paperless mortgage, which promises to dramatically reduce turnaround times. You can change your cookie settings at any time but parts of our site will not function correctly without them. All NatWest mortgages applied for over the phone will be offered paper-free – a move the lender said could save over 4.4 million sheets of A4 paper a year. “Reducing paperwork is one of the low hanging fruits when it comes to technological innovation, and there’s much more lenders could be doing to improve the mortgage process for borrowers.

Read Full Details

Story Sources

ftadviser.com
Topics:
  • Business
  • Financial
  • Science