RBS
RBS : flotation of insurance subsidiary Direct Line Group
State-rescued Royal Bank of Scotland on Thursday launched a partial flotation of its insurance subsidiary Direct Line Group on the London stock market ahead...
RBS : announces annual net loss of almost £2 billion
State-rescued Royal Bank of Scotland on Thursday said its net losses widened to almost £2.0 billion in 2011, hit by the Greek debt crisis...
Direct Line Group new logo
RBS Insurance, owner of the Direct Line and Churchill brands, has rebranded as Direct Line Group.
The new logo is a rainbow coloured 'D' beside...
RBS respond to £2.2 million fine
The RBS has responded to the FSA's £2.17 million fine on two of it's subsidiaries, saying they acknowledged their failings and are “disappointed” that...
RBS : inline for GBP1 billion dividend ahead of insurance float
According to the Sunday Telegraph, the Royal Bank of Scotland Group is to receive a dividend of as much as GBP1 billion ahead of...
FSA : temporary extension for some PPI complaints granted
The Financial Services Authority (FSA) today agreed to temporary arrangements for Barclays, Lloyds Banking Group and RBS to handle Payment Protection Insurance (PPI) complaints....
Royal Bank of Scotland sells Priory rehab clinics
State-rescued Royal Bank of Scotland on Tuesday said it had agreed to sell Priory Group, whose clinics regularly treat celebrities with addictions, to private...
Announcement : RBS Insurance set to create 160 call centre jobs in Glasgow
The insurance arm of Royal Bank of Scotland is in detailed discussions with an outsourcing company over a deal that will create over 160...
Transaction : RBS readies to sell off life insurance business
The Royal Bank of Scotland (RBS) is preparing to sell off or float its insurance unit, which includes familiar names such as Direct Line,...
British bank RBS says will axe 2,600 jobs, mostly in insurance division
Britain's state-rescued lender Royal Bank of Scotland announced on Monday that it plans to axe 2,600 jobs.
The bank, which is 83-percent owned by the...
European Commission approves Royal Bank of Scotland restructuring
The European Commission on Monday approved the restructuring of the state-owned Royal Bank of Scotland, rescued by Europe's biggest-ever taxpayer bailout during the financial...
Bailouts for British banks hit 850 billion pounds
Britain's support for its banks has hit 850 billion pounds in the wake of the global financial crisis, a watchdog report said Friday, amid...
ABN Amro reports quarterly loss of Euros 1.0 billion
Bank group ABN Amro reported a third-quarter net loss of a billion euros (1.5 billion dollars) on Wednesday, a sharp improvement from the outcome...
Bailout puts £1.5tn on UK debt
An estimated £1.5 trillion will be added to the national debt as a result of the financial crisis, the Office of National Statistics (ONS)...
RBS more than halved its operating losses to £1.5 billion in 3rd quarter
Royal Bank of Scotland reported on Friday a net quarterly loss of 1.8 billion pounds (2.0 billion euros, 3.0 billion dollars) and said it...
RBS likely to sell its insurance operations (Churchill and Direct Line brands) and cut 3,700 jobs
Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail...
British bank RBS signals new asset sales
Britain's Royal Bank of Scotland said Monday it will consider selling more assets than initially planned to win EU support for the state aid...
British government in £40 billion bailout to troubled banks
Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock...
Delta Lloyd’s initial public offering fully covered
Investors have already placed enough orders to back Delta Lloyd's 1.2 billion euro (1.1 billion pound) initial public offering (IPO) with about a week...
British supermarket Tesco to create 1,000 jobs
Britain's biggest retailer Tesco said Wednesday that it will create 1,000 jobs at a new customer services centre for its banking division in Newcastle,...
