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LON100:RBS, Jan 20, 10:18 UTC

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Monday, January 06


News

Postman in 'hell' after Natwest Bank 'blocks £20k savings and suggests he uses foodbank' - Bristol Live

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. A Portishead postman says he is living through “real hell” after Natwest allegedly blocked him from accessing his £20,000 of savings. After Bristol Live contacted Natwest on January 3, the bank told Mr Mikolaj it will pay him his savings in cash on January 8, the postman says. How it started. The problems began three days after Mr Mikolaj switched his current and savings accounts from TSB to Natwest on December 6.

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Tuesday, December 31


News

Bank opening times for New Year's Eve and New Year's Day 2020

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Share this with Share this article via emailCreated with Sketch.Share this article via messengerShare this article via smsShare this article via flipboard. If you’re planning on popping into your local bank today or tomorrow on New Year’s Eve or New Year’s Day then it might be work double checking the opening times of your nearest branch first. This also includes some banks, and they will have different opening times to normal over the next few days. RBS branches will then be closed on New Year’s Day. As January 2 2020 is a bank holiday in Scotland (but not in England and Wales) this will affect opening times of regional branches. MORE: The best NYE parties to celebrate the end of 2019.

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Monday, December 23


News

Hedge Funds Are Selling Royal Bank of Scotland Group plc (NYSE:RBS)

RBS RBS

December 23, 2019, 3:15 PM UTC. While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting 40,000 to generate strong returns. However, as we know, big investors usually buy stocks with strong fundamentals that can deliver gains both in bull and bear markets, which is why we believe we can profit from imitating them. The graph below displays the number of hedge funds with bullish position in RBS over the last 17 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves. View the table here if you experience formatting issues. As you can see these stocks had an average of 32.25 hedge funds with bullish positions and the average amount invested in these stocks was $1207 million. On the other hand, Credit Suisse Group AG (NYSE:CS) is the least popular one with only 14 bullish hedge fund positions.

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Friday, December 20


News

Coutts & Co to pay additional $27.9 million under U.S. agreement

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SECTIONS. Home. Business. Markets. World. India. Technology. Money. Coutts & Co to pay additional $27.9 million under U.S. agreement. (Reuters) - Swiss bank Coutts & Co Ltd will pay an additional $27.9 million under an addendum to a 2015 non-prosecution agreement, the U.S. Justice Department said on Friday. The new payment comes after the Swiss bank paid a $78.4 million penalty under the original non-prosecution agreement signed on Dec. 23, 2015. In the new agreement, Coutts acknowledged it should have disclosed additional U.S.-related accounts at that time, the department said in a statement.

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Thursday, December 19


News

Shock shake-up at investment arm of Royal Bank of Scotland

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Royal Bank of Scotland has announced the departure of the two top bosses of its investment banking business. They have been replaced on an interim basis, with Robert Begbie, RBS treasurer stepping up as chief executive and Robert Horrocks, RBS treasury finance director, as chief financial officer. Alison Rose, chief executive of RBS, said: “The directors of RBS and NatWest Markets and I would like to thank Chris and Richard for their commitment and dedication to this bank, its staff and its clients. “They have set the foundations for the continuing transformation and simplification across NatWest Markets as RBS has been re-shaped to focus on serving its customers in the UK and Ireland, whilst also managing complex organisational changes around ring-fencing and Brexit.

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News

What to Watch: Markets shrug off impeachment, Bank of England audio hijacking, and RBS reshuffle

RBS GBPCAD +6 more RBS GBPCAD GBPUSD GBPZAR GBPTRY GBPJPY GBPCHF EURGBP

“While the news cycle is full of last night’s impeachment of President Trump by House Democrats, financial markets have given the news a collective ‘meh’,” said Michael Hewson, chief market analyst at CMC Markets. Overnight in Asia, Japan’s Nikkei (^N225) closed down 0.2%, while the Hong Kong Hang Seng Index (^HSI) ended down 0.3%, and China’s Shanghai Composite (000001.SS) ended flat. Britain’s financial watchdog is investigating reports hedge funds had unfair access to audio of Bank of England events, potentially giving them an edge in financial markets. The Times reported on Thursday that a backup audio feed used to broadcast Bank of England press conferences was unknowingly sold to hedge funds and traders by a third party supplier.

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News

RBS sees changeover at the top of investment banking arm

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Royal Bank of Scotland has seen the two top bosses of its investment banking arm step down amid a shake-up of the struggling division by new chief executive Alison Rose. RBS said NatWest Markets chief executive Chris Marks and chief financial officer Richard Place have quit, but will stay on to ensure an “orderly transition” until June and March next year respectively. The clearout at the top of NatWest Markets comes as Ms Rose looks to address the under-performing business, which slumped to a £193 million third quarter operating loss, from an £87 million profit a year earlier after income plunged 44%. She said the departing bosses had “set the foundations for the continuing transformation and simplification across NatWest Markets as RBS has been re-shaped to focus on serving its customers in the UK and Ireland, whilst also managing complex organisational changes around ring-fencing and Brexit.

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RBS clears out top executives at investment bank NatWest Markets

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. (Reuters) - Royal Bank of Scotland (RBS.L) has cleared out the top management team at its under-performing investment bank NatWest Markets, in one of the first moves to shake up the state-backed bank's executive team by new Chief Executive Alison Rose. NatWest Markets' CEO Chris Marks and CFO Richard Place have both stepped down, the lender said in a statement on Thursday. She added: "NatWest Markets plays a crucial role within RBS, allowing us to provide our customers with the products and services they need to succeed."

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Wednesday, December 18


News

RBS to close Drummond House and relocate 1000 staff to Gogarburn HQ in major cost-cutting move

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The business support centre at Drummond House at the Gyle is one of two Scottish centres, alongside the other in Greenock, Inverclyde. The Gogarburn campus already functions as the bank’s central headquarters, but will require significant development to accommodate the relocated staff, due to be completed at the end of 2020. The bank will encourage staff to share facilities at Gogarburn, and increase flexible working arrangements including working from home and from other RBS sites in the city. In 2015 the bank announced plans to close its Dundas Street office and move 2000 employees from the city centre to its Gogarburn headquarters in a bid to save around £18 million a year.

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Tuesday, December 17


News

RBS to close Drummond House and move 1000 staff to Gogarburn HQ in major cost-cutting move

RBS

The business support centre at Drummond House at the Gyle is one of two Scottish centres, alongside the other in Greenock, Inverclyde. The Gogarburn campus already functions as the bank’s central headquarters, but will require significant development to accommodate the relocated staff, due to be completed at the end of 2020. The bank will encourage staff to share facilities at Gogarburn, and increase flexible working arrangements including working from home and from other RBS sites in the city. In 2015 the bank announced plans to close its Dundas Street office and move 2000 employees from the city centre to its Gogarburn headquarters in a bid to save around £18 million a year.

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