Royal Bank of Scotland
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 : 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...
RBS faces criticism from rivals
The state-backed lender has written to insurance brokers promising to lower the premiums commercial customers pay by 5pc and increase the commission intermediaries receive...
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,...
Report : Buffett has eyes on British insurance business
US billionaire Warren Buffett is interested in buying Royal Bank of Scotland's insurance business Direct Line, a report said Sunday.
Spiraling claims from car...
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...
Royal Bank of Scotland tweaks EU state aid deal, sets EGM
Lender Royal Bank of Scotland said it had fine-tuned a deal to win European Union approval for state aid it has received, as it...
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...
Britain announces plans to break up state rescued banks RBS and Lloyds
Britain is to force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will...
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...
Royal Bank of Scotland to maintain recovery plan and sell top brand Direct Line and Churchill
Part-nationalised lender Royal Bank of Scotland said it aims to stick with its recovery plan despite potential large-scale disposals ordered by European Union anti-trust...
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...
