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LON100:RBS, Mar 03, 09:55 UTC

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Monday, November 30


News

Natwest, Santander to sell more shares in Saudi British Bank - document

RBS SAN

Natwest, Santander to sell more shares in Saudi British Bank - document. (Reuters) - Natwest Markets PLC and Banco Santander plans to sell a combined 5.6% of shares in Saudi British Bank for about $680 million shares, a term sheet reviewed by Reuters showed. HSBC Holdings and Olayan Saudi Investment Co, current shareholders in Saudi British Bank, have indicated their intention to purchase part of the shares being placed, the term sheet said. The two banks in September had handled a 1.5% stake sale by Natwest and Banco Santander in September.

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Thursday, November 26


News

Royal Bank of Scotland warning of Black Friday scams

RBS RBS

It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times.Close. The Royal Bank of Scotland is predicting a 40% increase in the number of scams reported this Black Friday compared to the same time last year as online shopping fraud rapidly rises. Often goods are offered for sale but are never delivered, are of poor quality, or are not what was ordered. Some of the most recent scams being reported by Royal Bank customers are for purchases through Facebook Marketplace. “A record number of customers are doing their Christmas shopping online this year and we’ve seen evidence that criminals are getting ready for a bumper Christmas too.

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Friday, October 30


News

NatWest Swings to Profit As Pandemic Loan Provisions Dip

RBS

NatWest Group Plc swung to a profit in the third quarter as it reported fewer bad loans than expected and the partial lifting of Covid-19 emergency measures fueled consumer spending. The Edinburgh-based lender took a charge of 254 million pounds ($328 million) to cover souring loans on Friday and said the total for the year was likely to be at the lower end of its range of between 3.5 and 4.5 billion pounds. NatWest followed rivals Barclays Plc, Lloyds Banking Group Plc and HSBC Holdings Plc in making smaller provisions for expected defaults in the past week as British spending soared after months under lockdown. NatWest reported a 30% surge in debit card spending compared to the three months through June, while credit card spending rose 43% and mortgage applications increased by 91%.

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News

What to watch: Housing stocks up, markets slide, IAG and NatWest results

RBS

Here are some of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world. It came as a leading industry body said registrations of planned new homes in the third quarter were down only 4% on a year earlier. Housebuilders Persimmon (PSN.L) and Barratt Developments (BDEV.L) were among the biggest risers on the FTSE 100 (^FTSE) in early trading on Friday, up 1.6% and 0.7% respectively. European stocks were trading lower and Wall Street looked set for fresh declines on Friday, with stronger-than-expected GDP data in Europe only partially offsetting coronavirus concerns.

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News

European Stocks On Course For Their Worst Week Since March, NatWest Tops The FTSE

RBS

US markets finished on a much more positive note yesterday on optimism that last night's waterfall of tech earnings after the bell would help continue a stabilisation in sentiment, after what has been a brutal week for equity markets in general. This comes across as nit-picking somewhat, given Amazon estimates for Q4 sales, were even higher than their record breaking Q3, but nonetheless we’ve seen tech stocks in Asia also rollover after Apple (NASDAQ:AAPL) sales of iPhones fell short in their Q4 numbers. Oil prices have also been crushed this week, over demand concerns as new lockdown measures kick in, and look set for their worst week since April, bad news for oil companies that have seen their margins improve a touch from the lows in March, and the huge losses we saw them post in their Q2 numbers. The European Central Bank did hold out the prospect of further stimulus when it meets in December, but decided to sit on its hands yesterday, and while some have criticised its inaction, it's hard to see what else they could have done, given that there is no prospect of fiscal stimulus in the short term, and we have a US election next week in which the outcome is a little uncertain.

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Monday, October 26


News

NatWest introduces gambling block feature giving 48-hour cool-off period

RBS

NatWest has introduced a gambling block feature on debit cards, giving customers who may suffer harm a 48-hour cooling-off period before they can make payments. NatWest said it saw a decline in gambling transactions earlier on in the lockdown. But it said that as restrictions eased, gambling-related spend among NatWest customer has started to increase rapidly. Last year, the bank partnered with gambling charity GamCare to provide support, advice and treatment for gamblers and their loved ones experiencing harm. As part of NatWest’s partnership with GamCare, training is provided for NatWest’s specialist support teams on how to identify gambling-related harm and support those who want to stop gambling. Barclays’ gambling block means that if users decide to restart spending on gambling websites, apps or in venues, there will be a 72-hour wait before they can make such payments.

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Tuesday, October 20


News

NatWest sets target to increase number of senior Black staff

RBS

NatWest sets target to increase number of senior Black staff. LONDON (Reuters) - British lender NatWest Group <NWG.L> has set a target of increasing the proportion of Black senior staff at the bank from 1% currently to 3% by 2025, as part of its response to the Black Lives Matter movement. In an action plan published on Tuesday following a four-month review, the bank said it will also talk to customers in the event of any racist behaviour and close individuals' accounts if necessary. The commitment to increase the number of senior Black staff is in addition to the lender's existing target of having Black, Asian and Minority Ethnic staff in at least 14% of senior roles by 2025.

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Friday, October 09


News

Loreburn Housing Association and RBS agree additional £20m funding for new social housing - Scottish Construction Now

RBS

Loreburn’s programme of socially rented properties includes Extra Care housing for Moffat and Langholm. Lorraine Usher, chief executive of Loreburn Housing Association, said: “We are pleased to be sharing positive news in this difficult and challenging climate. David Horne, director of housing finance, commercial and private banking at RBS, added: “Building on our recent £3bn commitment to the social housing sector across the UK over the next 3 years, we are proud to support Loreburn Housing Association meet its key strategic goals of developing much needed affordable housing to the Dumfries & Galloway region, with this transaction meaning we now have over £40 million of total commitments in place to the Association. “Loreburn is a highly innovative organisation that has developed a great offering to meet the needs of their residents and the wider communities that they operate in, and this new funding will go a long way to meeting their medium to long term objectives.

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Wednesday, October 07


News

Job losses in Scotland slowed in September

RBS RBS

There were reports that some companies had resumed hiring as firms reopened and expanded their capacity following an easing of Covid-19 lockdown measures. According to panellists, redundancies linked to the coronavirus pandemic and subsequent lockdown measures had led to greater numbers of people looking for work. As has been the case in each month since April, the availability of temporary workers in Scotland rose during September. Sebastian Burnside, chief economist at Royal Bank of Scotland, said: “September survey data highlighted a slightly improved picture for the Scottish labour market. “Permanent placements declined at a much softer rate, whilst temporary billings returned to growth and expanded at the quickest pace for a year.

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News

Options Appoints Former RBS and MasterCard Executive Terry Hughes as New SVP of Marketing

RBS

Options, the leading provider of cloud-enabled managed services to the global capital markets, has today announced that former RBS and MasterCard executive, Terry Hughes, has been appointed as the firm’s new SVP of Marketing. With over 20 years’ experience, working across multiple business development, customer engagement and management consultancy roles, Terry is an internationally experienced business marketing leader, holding management roles within the Defence, Pharmaceutical and Financial Services Industries. Prior to Options, Terry was CMO for SeeMeHired, where she was responsible for the creation, planning and development of the firm’s candidate acquisition strategy, as well as holding a variety of consultancy, corporate governance, mentorship and business operations roles. "At Options, it has always been our mission to attract the highest calibre talent, and as an international marketing leader and mentor, Terry brings a wealth of experience and expertise to the Options executive team. We are delighted to welcome her on board." Speaking about her recent appointment, Terry added: "Options has experienced transformational growth in recent years, and I’m delighted to be joining at a key time in this continued expansion. I've watched Options from the sidelines, and I’m excited to bring my experience and expertise to this dynamic and forward-thinking company."

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